1. Regulations
  2. title 24
  3. chapter II
  4. part 241
  5. subpart C
  6. subjgrp 200
  7. § 241.545

View all text of Subjgrp 200 [§ 241.530a - § 241.586]

§ 241.545 - Covenant against liens.

The security instrument shall contain a covenant against the creation by the borrower of additional liens against the property superior or inferior to the lien of such instrument, except with the prior approval of the Commissioner.

AUTHORITY: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 241.545