24 CFR 235.310 - Execution of assistance payment contract.

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Title 24: Housing and Urban Development

Subtitle B: Regulations Relating to Housing and Urban Development (Continued)

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

PART 235: MORTGAGE INSURANCE AND ASSISTANCE PAYMENTS FOR HOME OWNERSHIP AND PROJECT REHABILITATION

Subpart C: Assistance Payments-Homes for Lower Income Families

235.310 - Execution of assistance payment contract.

(a) Homeowners. The issuance of a mortgage insurance certificate pursuant to ? 235.1 et seq. shall also constitute the execution of the assistance payment contract with respect to the mortgage being insured.

(b) Cooperative members. The issuance of a certificate approving an application filed on behalf of a cooperative member shall constitute the execution of the assistance payment contract with respect to member named in the certificate.

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