1. Regulations
  2. title 24
  3. chapter II
  4. part 242
  5. subpart H
  6. § 242.92

View all text of Subpart H [§ 242.68 - § 242.93]

§ 242.92 - Minimum principal loan amount.

A mortgagee may not require, as a condition of providing a loan secured by a mortgage insured under this part, that the principal amount of the mortgage exceed a minimum amount established by the mortgagee.

AUTHORITY: 12 U.S.C. 1709, 1710, 1715b, 1715n(f), and 1715u; 42 U.S.C. 3535(d).

SOURCE: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.

CITE AS: 24 CFR 242.92