24 CFR § 232.586 Mortgage Insurance for Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities

§ 232.586 Minimum principal loan amount.

Current through Aug 20, 2026 · Read all of Part 232

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

[53 FR 8885, Mar. 18, 1988]

← § 232.585 Prepayment privilege and prepayment charge.§ 232.590 Eligibility of property. →