[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: 24CFR203.37]



[Page 164]

 

                 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.  203.37  Nature of title to realty.



    A mortgage, to be eligible for insurance, must be on real estate 

held in fee simple, or on leasehold under a lease for not less than 99 

years which is renewable, or under a lease having a period of not less 

than 10 years to run beyond the maturity date of the mortgage.



[49 FR 21319, May 21, 1984]