[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR1005.104]



[Page 806]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 1005_LOAN GUARANTEES FOR INDIAN HOUSING--Table of Contents

 

Sec.  1005.104  What lenders are eligible for participation?



    Eligible lenders are those approved under and meeting the 

qualifications established in this subpart, except that loans otherwise 

insured or guaranteed by an agency of the United States, or made by an 

organization of Indians from amounts borrowed from the United States, 

shall not be eligible for guarantee under this part. The following 

lenders are deemed to be eligible under this part:

    (a) Any mortgagee approved by HUD for participation in the single 

family mortgage insurance program under title II of the National Housing 

Act;

    (b) Any lender whose housing loans under chapter 37 of title 38, 

United States Code are automatically guaranteed pursuant to section 

1802(d) of such title;

    (c) Any lender approved by the Department of Agriculture to make 

guaranteed loans for single family housing under the Housing Act of 

1949;

    (d) Any other lender that is supervised, approved, regulated, or 

insured by any other agency of the United States; or

    (e) Any other lender approved by the Secretary under this part.



[63 FR 12372, Mar. 12, 1998, as amended at 63 FR 48990, Sept. 11, 1998]