24 CFR Part 203
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
- PART 203—SINGLE FAMILY MORTGAGE INSURANCE
- Subtitle B—Regulations Relating to Housing and Urban Development › Chapter II—Office of Assistant Secretary for Housing—Federal Housing Commissioner, Department of Housing and Urban Development › Subchapter B—Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities
- Subpart A—Eligibility Requirements and Underwriting Procedures
- Direct Endorsement, Lender Insurance, and Commitments
- § 203.1 Underwriting procedures.
- § 203.3 Approval of mortgagees for Direct Endorsement.
- § 203.4 Approval of mortgagees for Lender Insurance.
- § 203.5 Direct Endorsement process.
- § 203.6 Lender Insurance process.
- § 203.7 Commitment process.
- § 203.8 Approval of mortgagees for Direct Endorsement Lender Review and Approval Process (DELRAP).
- Miscellaneous Regulations
- § 203.9 Disclosure regarding interest due upon mortgage prepayment.
- § 203.10 Informed consumer choice for prospective FHA mortgagors.
- § 203.12 Mortgage insurance on proposed or new construction.
- § 203.14 Builders' warranty.
- § 203.15 Certification of appraisal amount.
- § 203.16 Certificate and contract regarding use of dwelling for transient or hotel purposes.
- § 203.16a Mortgagor and mortgagee requirement for maintaining flood insurance coverage.
- Eligible Mortgages
- § 203.17 Mortgage provisions.
- § 203.18 Maximum mortgage amounts.
- § 203.18a Solar energy system.
- § 203.18b Increased mortgage amount.
- § 203.18c One-time or up-front mortgage insurance premium excluded from limitations on maximum mortgage amounts.
- § 203.18d Minimum principal loan amount.
- § 203.19 Qualified mortgage.
- § 203.20 Agreed interest rate.
- § 203.21 Amortization provisions.
- § 203.22 Payment of insurance premiums or charges; prepayment privilege.
- § 203.23 Mortgagor's payments to include other charges.
- § 203.24 Application of payments.
- § 203.25 Late charge.
- § 203.26 Mortgagor's payments when mortgage is executed.
- § 203.27 Charges, fees or discounts.
- § 203.28 Economic soundness of projects.
- § 203.29 Eligible mortgages in Alaska, Guam, Hawaii, or the Virgin Islands.
- § 203.30 Certificate of nondiscrimination by the mortgagor.
- § 203.31 Mortgagor of a principal residence in military service cases.
- Eligible Mortgagors
- § 203.32 Mortgage lien.
- § 203.33 Relationship of income to mortgage payments.
- § 203.34 Credit standing.
- § 203.35 Disclosure and verification of Social Security and Employer Identification Numbers.
- § 203.36 [Reserved]
- Eligible Properties
- § 203.37 Nature of title to realty.
- § 203.37a Sale of property.
- § 203.38 Location of dwelling.
- § 203.39 Standards for buildings.
- § 203.40 Location of property.
- § 203.41 Free assumability; exceptions.
- § 203.42 Rental properties.
- § 203.43 Eligibility of miscellaneous type mortgages.
- § 203.43a Eligibility of mortgages covering housing in certain neighborhoods.
- § 203.43b Eligibility of mortgages on single-family condominium units.
- § 203.43c Eligibility of mortgages involving a dwelling unit in a cooperative housing development.
- § 203.43d Eligibility of mortgages in certain communities.
- § 203.43e [Reserved]
- § 203.43f Eligibility of mortgages covering manufactured homes.
- § 203.43g Eligibility of mortgages in certain communities.
- § 203.43h Eligibility of mortgages on Indian land insured pursuant to section 248 of the National Housing Act.
- § 203.43i Eligibility of mortgages on Hawaiian Home Lands insured pursuant to section 247 of the National Housing Act.
- § 203.43j Eligibility of mortgages on Allegany Reservation of Seneca Nation of Indians.
- § 203.44 Eligibility of advances.
- § 203.45 Eligibility of graduated payment mortgages.
- § 203.47 Eligibility of growing equity mortgages.
- § 203.49 Eligibility of adjustable rate mortgages.
- § 203.50 Eligibility of rehabilitation loans.
- § 203.51 Applicability.
- § 203.52 Acceptance of individual residential water purification equipment.
- Effective Date
- § 203.249 Effect of amendments.
- Subpart B—Contract Rights and Obligations
- Definitions
- § 203.251 Definitions.
- Endorsement and Contract of Insurance
- § 203.255 Insurance of mortgage.
- § 203.256 Insurance of open-end advance.
- § 203.257 Creation of the contract.
- § 203.258 Substitute mortgagors.
- Mortgage Insurance Premiums—In General
- § 203.259 Method of payment of MIP.
- § 203.259a Scope.
- Mortgage Insurance Premiums—Periodic Payment
- § 203.260 Amount of mortgage insurance premium (periodic MIP).
- § 203.261 Calculation of periodic MIP.
- § 203.262 Due date of periodic MIP.
- § 203.264 Payment of periodic MIP.
- § 203.265 Mortgagee's late charge and interest.
- § 203.266 Period covered by periodic MIP.
- § 203.267 Duration of periodic MIP.
- § 203.268 Pro rata payment of periodic MIP.
- § 203.269 Method of payment of periodic MIP.
- Open-end Insurance Charges—All Mortgages
- § 203.270 Open-end insurance charges.
- Mortgage Insurance Premiums—One-Time Payment
- § 203.280 One-time or Up-front MIP.
- § 203.281 Calculation of one-time MIP.
- § 203.282 Mortgagee's late charge and interest.
- § 203.283 Refund of one-time MIP.
- Calculation of Mortgage Insurance Premium on or After July 1, 1991
- § 203.284 Calculation of up-front and annual MIP on or after July 1, 1991.
- § 203.285 Fifteen-year mortgages: Calculation of up-front and annual MIP on or after December 26, 1992.
- Adjusted Mortgage Insurance Premium
- § 203.288 Discontinuance of adjusted premium charge.
- Voluntary Termination
- § 203.295 Voluntary termination.
- Termination of Insurance Contract
- § 203.315 Termination by conveyance to other than Commissioner.
- § 203.316 Termination by prepayment of mortgage.
- § 203.317 Termination by voluntary agreement.
- § 203.318 Notice of termination by mortgagee.
- § 203.319 Pro rata payment of premiums and charges.
- § 203.320 Notice and date of termination by Commissioner.
- § 203.321 Effect of termination.
- Default Under Mortgage
- § 203.330 Definition of delinquency and requirement for notice of delinquency to HUD.
- § 203.331 Definition of default, date of default, and requirement of notice of default to HUD.
- § 203.332 [Reserved]
- § 203.333 Reinstatement of defaulted mortgage.
- Continuation of Insurance
- § 203.340 Special forbearance.
- § 203.341 Partial claim.
- § 203.342 Mortgage modification.
- § 203.343 Partial release, addition or substitution of security.
- Forbearance Relief for Military Personnel
- § 203.345 Postponement of principal payments—mortgagors in military service.
- § 203.346 Postponement of foreclosure—mortgagors in military service.
- Assignment of Mortgage
- § 203.350 Assignment of mortgage.
- § 203.351 Application for insurance benefits and fiscal data.
- § 203.353 Certification by mortgagee.
- Claim Procedure
- § 203.355 Acquisition of property.
- § 203.356 Notice of foreclosure and pre-foreclosure sale; reasonable diligence requirements.
- § 203.357 Deed in lieu of foreclosure.
- § 203.358 Direct conveyance of property.
- § 203.359 Time of conveyance to the Secretary.
- § 203.360 Notice of property transfer or pre-foreclosure sale and application for insurance benefits.
- § 203.361 Acceptance of property by Commissioner.
- § 203.362 Conditions for withdrawal of application for insurance benefits.
- § 203.363 Effect of noncompliance with regulations.
- § 203.364 Mortgagee's liability for property expenditures.
- § 203.365 Documents and information to be furnished the Secretary; claims review.
- § 203.366 Conveyance of marketable title.
- § 203.367 Contents of deed and supporting documents.
- § 203.368 Claims without conveyance procedure.
- § 203.369 Deficiency judgments.
- § 203.370 Pre-foreclosure sales.
- § 203.371 Partial claim.
- Condition of Property
- §§ 203.375-203.376 [Reserved]
- § 203.377 Inspection and preservation of properties.
- § 203.378 Property condition.
- § 203.379 Adjustment for damage or neglect.
- § 203.380 Certificate of property condition.
- § 203.381 Occupancy of property.
- § 203.382 Cancellation of hazard insurance.
- Property Title Transfers and Title Waivers
- § 203.385 Types of satisfactory title evidence.
- § 203.386 Coverage of title evidence.
- § 203.387 Acceptability of customary title evidence.
- § 203.389 Waived title objections.
- § 203.390 Waiver of title—mortgages or property formerly held by the Secretary.
- § 203.391 Title objection waiver with reduced insurance benefits.
- Payment of Insurance Benefits
- § 203.400 Method of payment.
- § 203.401 Amount of payment—conveyed and non-conveyed properties.
- § 203.402 Items included in payment—conveyed and non-conveyed properties.
- § 203.402a Reimbursement for uncollected interest.
- § 203.403 Items deducted from payment—conveyed and non-conveyed properties.
- § 203.404 Amount of payment—assigned mortgages.
- § 203.405 Debenture interest rate.
- § 203.406 Maturity of debentures.
- § 203.407 Registration of debentures.
- § 203.408 Form and amounts of debentures.
- § 203.409 Redemption of debentures.
- § 203.410 Issue date of debentures.
- § 203.411 Cash adjustment.
- § 203.412 Payment for foreclosure alternative actions.
- § 203.413 Amount of payment—Single Family Sale assignments.
- § 203.414 Amount of payment—partial claims.
- Certificate of Claim
- § 203.415 Delivery of certificate of claim.
- § 203.416 Amount and items of certificate of claim.
- § 203.417 Rate of interest of certificate of claim.
- Mutual Mortgage Insurance Fund and Distributive Shares
- § 203.420 Nature of Mutual Mortgage Insurance Fund.
- § 203.421 Allocation of Mutual Mortgage Insurance Fund income or loss.
- § 203.422 Right and liability under Mutual Mortgage Insurance Fund.
- § 203.423 Distribution of distributive shares.
- § 203.424 Maximum amount of distributive shares.
- § 203.425 Finality of determination.
- § 203.426 Inapplicability to housing in older declining urban areas.
- § 203.427 Statute of limitations on payment of distributive shares.
- Sale, Assignment and Pledge of Insured Mortgage
- § 203.430 Sale of interests in insured mortgages.
- § 203.431 Sale of insured mortgage to approved mortgagee.
- § 203.432 Effect of sale of insured mortgage.
- § 203.433 Assignments, pledges and transfers by approved mortgagee.
- § 203.434 Declaration of trust.
- § 203.435 Transfers of partial interests.
- Graduated Payment Mortgages
- § 203.436 Claim procedure—graduated payment mortgages.
- Cooperative Unit Mortgages
- § 203.437 Mortgages involving a dwelling unit in a cooperative housing development.
- Mortgages on Property Located on Indian Land
- § 203.438 Mortgages on Indian land insured pursuant to section 248 of the National Housing Act.
- Mortgages on Property Located on Hawaiian Home Lands
- § 203.439 Mortgages on Hawaiian home lands insured pursuant to section 247 of the National Housing Act.
- Mortgages on Property in Allegany Reservation of Seneca Indians
- § 203.439a Mortgages on property in Allegany Reservation of Seneca Nation of Indians authorized by section 203(q) of the National Housing Act.
- Rehabilitation Loans
- § 203.440 Definitions.
- § 203.441 Insurance of loan.
- § 203.442 Contract created by Insurance Certificate or by endorsement.
- § 203.443 Insurance premium.
- § 203.457 Voluntary termination of contract.
- § 203.458 Termination by prepayment of loan.
- § 203.459 Notice of termination by lender.
- § 203.462 Pro rata payment of premium before termination.
- § 203.463 Notice and date of termination by Commissioner.
- § 203.464 Effect of termination.
- § 203.466 Definition of delinquency and requirement for notice of delinquency to HUD.
- § 203.467 Definition of default, date of default, and requirement of notice of default to HUD.
- § 203.468 [Reserved]
- § 203.469 Reinstatement of defaulted loan.
- § 203.471 Special forbearance.
- § 203.472 Relief for borrower in military service.
- § 203.473 Claim procedure.
- § 203.474 Maximum claim period.
- § 203.476 Claim application and items to be filed.
- § 203.477 Certificate by lender when loan assigned.
- § 203.478 Payment of insurance benefits.
- § 203.479 Debenture interest rate.
- § 203.481 Maturity of debentures.
- § 203.482 Registration of debentures.
- § 203.483 Forms and amounts of debentures.
- § 203.484 Redemption of debentures.
- § 203.486 Issue date of debentures.
- § 203.487 Cash adjustment.
- § 203.488 Sale of interests in insured loans.
- § 203.489 Sale of insured loan to approved lender.
- § 203.491 Effect of sale of insured loan.
- § 203.492 Assignments, pledges and transfers by approved lender.
- § 203.493 Declaration of trust.
- § 203.495 Transfers of partial interests.
- Extension of Time
- § 203.496 Actions to be taken by mortgagee or lender.
- Amendments
- § 203.499 Effect of amendments.
- Subpart C—Servicing Responsibilities
- General Requirements
- § 203.500 Mortgage servicing generally.
- § 203.501 Loss mitigation.
- § 203.502 Responsibility for servicing.
- § 203.508 Providing information.
- § 203.510 Release of personal liability.
- § 203.512 Free assumability; exceptions.
- Payments, Charges and Accounts
- § 203.550 Escrow accounts.
- § 203.552 Fees and charges after endorsement.
- § 203.554 Enforcement of late charges.
- § 203.556 Return of partial payments.
- § 203.558 Handling prepayments.
- Mortgagee Action and Forbearance
- § 203.600 Mortgage collection action.
- § 203.602 Delinquency notice to mortgagor.
- § 203.604 Contact with the mortgagor.
- § 203.605 Loss mitigation performance.
- § 203.606 Pre-foreclosure review.
- § 203.608 Reinstatement.
- § 203.610 Relief for mortgagor in military service.
- § 203.614 Special forbearance.
- § 203.616 Mortgage modification.
- Mortgages in Default on Property Located on Indian Reservations
- § 203.664 Processing defaulted mortgages on property located on Indian land.
- Mortgages in Default on Property Located on Hawaiian Home Lands
- § 203.665 Processing defaulted mortgages on property located on Hawaiian home lands.
- Assignment and Forbearance—Property in Allegany Reservation of Seneca Indians
- § 203.666 Processing defaulted mortgages on property in Allegany Reservation of Seneca Nation of Indians.
- Occupied Conveyance
- § 203.670 Conveyance of occupied property.
- § 203.671 Criteria for determining the Secretary's interest.
- § 203.672 Residential areas.
- § 203.673 Habitability.
- § 203.674 Eligibility for continued occupancy.
- § 203.675 Notice to occupants of pending acquisition.
- § 203.676 Request for continued occupancy.
- § 203.677 Decision to approve or deny a request.
- § 203.678 Conveyance of vacant property.
- § 203.679 Continued occupancy after conveyance.
- § 203.680 Approval of occupancy after conveyance.
- § 203.681 Authority of HUD Field Office Managers.
Feedback