[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: 24CFR904.116]



[Page 320]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 904_LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES--Table of Contents

 

                Subpart B_Turnkey III Program Description

 

Sec.  904.116  Transfer of title to homebuyer.



    When the homebuyer is to obtain ownership as described in Sec.  

904.113 or Sec.  904.115, a closing date shall be mutually agreed upon 

by the parties. On the closing date the homebuyer shall pay the required 

amount of money to the LHA, sign the promissory note pursuant to Sec.  

904.114, and receive a deed for the home.