Home/CFR/Title 24/Part 206
FEDERAL · 24 CFR

Part 206 — Home Equity Conversion Mortgage Insurance

78 sections · Title 24: Housing and Urban Development

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