[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: 24CFR1007.25]



[Page 827]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 1007_SECTION 184A LOAN GUARANTEES FOR NATIVE HAWAIIAN HOUSING

--Table of Contents

 

Sec.  1007.25  Eligible lenders.



    (a) In general. To qualify for a guarantee under this part, a loan 

shall be made only by a lender meeting qualifications established in 

this part and approved by HUD, including any lender described in 

paragraph (b), of this section, except that a loan otherwise insured or 

guaranteed by an agency of the Federal Government or made by the DHHL 

from amounts borrowed from the United States shall not be eligible for a 

guarantee under this part.

    (b) Approval. The following lenders shall be considered to be 

lenders that have been approved by HUD:

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

family mortgage insurance program under title II of the National Housing 

Act (12 U.S.C.A. 1707 et seq.);

    (2) Any lender that makes housing loans under chapter 37 of title 

38, United States Code, that are automatically guaranteed under section 

3702(d) of title 38, United States Code;

    (3) Any lender approved by the Secretary of Agriculture to make 

guaranteed loans for single family housing under the Housing Act of 1949 

(42 U.S.C.A. 1441 et seq.);

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

insured by any agency of the Federal Government; and

    (5) Any other lender approved by HUD under this part.