[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

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

[CITE: 24CFR25.3]



[Page 274]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 25_MORTGAGEE REVIEW BOARD--Table of Contents

 

Sec.  25.3  Definitions.



    Adequate evidence. Information sufficient to support the reasonable 

belief that a particular act or omission has occurred.

    Board. The Mortgagee Review Board.

    Hearing officer. An Administrative Law Judge or Board of Contract 

Appeals judge authorized by the Secretary, or by the Secretary's 

designee, to issue findings of fact or other appropriate findings under 

Sec.  25.8(d)(2).

    Hearing official. An official designated by the Board to conduct 

hearings under Sec.  25.8.

    Lender. A financial institution as defined in paragraphs (a) and (b) 

of the definition of lender in Sec.  202.2 of this title.

    Loan correspondent. A financial institution as defined in paragraph 

(c) of the definition of lender in Sec.  202.2 of this title.

    Mortgagee. For purposes of the regulations in this part, the term 

``mortgagee'' includes:

    (1) The original lender

    under the mortgage, as that term is defined at sections 201(a) and 

207(a)(1) of the National Housing Act (12 U.S.C. 1707(a), 1713(a)(1));

    (2) A lender or loan correspondent as defined in this section;

    (3) A branch office or subsidiary of the mortgagee, lender, or loan 

correspondent; or

    (4) Successors and assigns of the mortgagee, lender, or loan 

correspondent, as are approved by the Commissioner.

    Person. Any individual, corporation, partnership, association, unit 

of government or legal entity, however organized.

    Secretary. The Secretary of the Department of Housing and Urban 

Development or a person designated by the Secretary.



[57 FR 31051, July 13, 1992; 57 FR 37085, Aug. 18, 1992, as amended at 

60 FR 13835, Mar. 14, 1995; 60 FR 39237, Aug. 1, 1995; 61 FR 685, Jan. 

9, 1996; 62 FR 20081, Apr. 24, 1997]