[Code of Federal Regulations]

[Title 24, Volume 2]

[Revised as of April 1, 2005]

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

[CITE: 24CFR203.15]



[Page 152]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

 CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING 

        COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 203_SINGLE FAMILY MORTGAGE INSURANCE--Table of Contents

 

     Subpart A_Eligibility Requirements and Underwriting Procedures

 

Sec.  203.15  Certification of appraisal amount.



    An application with respect to insurance of mortgages must be 

accompanied by an agreement satisfactory to the Commissioner, executed 

by the seller, builder or such other person as may be required by the 

Commissioner, whereby the person agrees that before any sale of the 

dwelling, the person will deliver to the purchaser of the property a 

written statement, in a form satisfactory to the Commissioner, setting 

forth the amount of the appraised value of the property as determined by 

the Commissioner.



[58 FR 41001, July 30, 1993]