24 CFR Part 206
PART 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE
- PART 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE
- Subtitle B—Regulations Relating to Housing and Urban Development › Chapter II—Office of Assistant Secretary for Housing—Federal Housing Commissioner, Department of Housing and Urban Development › Subchapter B—Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities
- Subpart A—General
- § 206.1 Purpose.
- § 206.3 Definitions.
- § 206.7 Effect of amendments.
- § 206.8 Preemption.
- Subpart B—Eligibility; Endorsement
- § 206.9 Eligible mortgagees.
- § 206.13 Disclosure of available HECM program options.
- § 206.15 Insurance.
- Eligible Mortgages
- § 206.17 Eligible mortgages: general.
- § 206.19 Payment options.
- § 206.21 Interest rate.
- § 206.23 Shared appreciation.
- § 206.25 Calculation of disbursements.
- § 206.26 Change in payment option.
- § 206.27 Mortgage provisions.
- § 206.31 Allowable charges and fees.
- § 206.32 No outstanding unpaid obligations.
- Eligible Borrowers
- § 206.33 Age of borrower.
- § 206.34 Limitation on number of mortgages.
- § 206.35 Title of property which is security for HECM.
- § 206.36 Seasoning requirements for existing non-HECM liens.
- § 206.37 Credit standing.
- § 206.39 Principal residence.
- § 206.40 Disclosure, verification and certifications.
- § 206.41 Counseling.
- § 206.43 Information to borrower.
- § 206.44 Monetary investment for HECM for Purchase program.
- Eligible Properties
- § 206.45 Eligible properties.
- § 206.47 Property standards; repair work.
- § 206.51 Eligibility of mortgages involving a dwelling unit in a condominium.
- § 206.52 Eligible sale of property-HECM for Purchase.
- Refinancing of Existing Home Equity Conversion Mortgages
- § 206.53 Refinancing a HECM loan.
- Deferral of Due and Payable Status
- § 206.55 Deferral of due and payable status for Eligible Non-Borrowing Spouses.
- § 206.57 Cure provision enabling reinstatement of Deferral Period.
- § 206.59 Obligations of mortgagee.
- § 206.61 HECM proceeds during a Deferral Period.
- Subpart C—Contract Rights and Obligations
- Sale, Assignment and Pledge
- § 206.101 Sale, assignment and pledge of insured mortgages.
- § 206.102 Insurance Funds.
- Mortgage Insurance Premiums
- § 206.103 Payment of MIP.
- § 206.105 Amount of MIP.
- § 206.107 Mortgagee election of assignment or shared premium option.
- § 206.109 Amount of mortgagee share of premium.
- § 206.111 Due date of MIP.
- § 206.113 Late charge and interest.
- § 206.115 Insurance of mortgage.
- § 206.116 Refunds.
- HUD Responsibility to Borrowers
- § 206.117 General.
- § 206.119 [Reserved]
- § 206.121 Commissioner authorized to make payments.
- Claim Procedure
- § 206.123 Claim procedures in general.
- § 206.125 Acquisition and sale of the property.
- § 206.127 Application for insurance benefits.
- § 206.129 Payment of claim.
- § 206.130 Amount of payment—HECM Single Family Sale assignments.
- Condominiums
- § 206.131 Contract rights and obligations for mortgages on individual dwelling units in a condominium.
- Termination of Insurance Contract
- § 206.133 Termination of insurance contract.
- Additional Requirements
- § 206.134 Partial release, addition or substitution of security.
- § 206.135 Application for insurance benefits and fiscal data.
- § 206.136 Conditions for assignment.
- § 206.137 Effect of noncompliance with regulations.
- § 206.138 Mortgagee's liability for certain expenditures.
- § 206.140 Inspection and preservation of properties.
- § 206.141 Property condition.
- § 206.142 Adjustment for damage or neglect.
- § 206.143 Certificate of property condition.
- § 206.144 Final payment.
- § 206.145 Items deducted from payment.
- § 206.146 Debenture interest rate.
- Subpart D—Servicing Responsibilities
- § 206.201 Mortgage servicing generally; sanctions.
- § 206.203 Providing information.
- § 206.205 Property charges.
- § 206.207 Allowable charges and fees after endorsement.
- § 206.209 Prepayment.
- § 206.211 Determination of principal residence and contact information.
- Subpart E—HECM Counselor Roster
- § 206.300 General.
- § 206.302 Establishment of the HECM Counselor Roster.
- § 206.304 Eligibility for placement on the HECM Counselor Roster.
- § 206.306 Removal from the HECM Counselor Roster.
- § 206.308 Continuing education requirements of counselors listed on the HECM Counselor Roster.
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