[Code of Federal Regulations]
[Title 24, Volume 4]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR904.116]

[Page 313]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 904--LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES--Table of Contents
 
               Subpart B--Turnkey III Program Description
 
Sec. 904.116  Transfer of title to homebuyer.

    When the homebuyer is to obtain ownership as described in 
Sec. 904.113 or Sec. 904.115, a closing date shall be mutually agreed 
upon by the parties. On the closing date the homebuyer shall pay the 
required amount of money to the LHA, sign the promissory note pursuant 
to Sec. 904.114, and receive a deed for the home.