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SUBCHAPTER S-INSURANCE FOR INVESTMENTS IN RENTAL HOUSING
FOR FAMILIES OF MODERATE INCOME Part 702 Yield insurance.
SUBCHAPTER T-MILITARY AND ARMED SERVICES HOUSING
803 Armed services housing-military personnel.
SUBCHAPTER U-NATIONAL DEFENSE HOUSING INSURANCE
903 Individual residences; national defense housing mortgage insurance. 908 National defense rental housing mortgage insurance.
SUBCHAPTER V-LAND DEVELOPMENT INSURANCE
1000 Mortgage insurance for land development.
SUBCHAPTER W-GROUP PRACTICE FACILITIES INSURANCE
1100 Mortgage insurance for group practice facilities.
SUBCHAPTER A GENERAL
Sec. 200.1 200.2
200.13 Homes for servicemen. Subpart A- Origin and Establishment
200.14 Homes for veterans.
Armed Services, NASA, and AEC. 200.19 Other home mortgage assistance.
PROJECT MORTGAGE INSURANCE
200.20 Rental projects. Subpart B-Functions and Programs
200.21 Housing for the elderly.
200.22 IN GENERAL
200.24 Investment insurance. Scope and nature of programs.
200.25 Armed services housing-impacted Application for lender approval.
200.27 Land development.
200.28 HOME MORTGAGE INSURANCE
Group practice facilities. 200.10 One-to four-family homes.
200.29 Other project mortgage assistance. 200.11 Disaster damage to homes.
COOPERATIVE HOUSING INSURANCE 200.12 Suburban and farm homes.
200.30 Cooperative projects.
Subpart D-Delegations of Basic Authority and
Functions DELEGATIONS TO PARTICULAR POSITIONS 200.50 Authority for delegations. 200.51 Acting Commissioner. 200.52 Deputy Assistant Secretary. 200.52a Assistant Commissioner for Field
Operations and Deputy. 200.52b Director of the Mortgage Insurance
Programs Support Division and
Deputy. 200.53 Director of the Publicly Financed
Programs Support Division and
Deputy. 200.54 Director of the Administrative Sup
port Division and Deputy. 200.55 Assistant Commissioner Property
Improvement and Deputy. 200.56 Assistant Commissioner Unsubsi
dized Insured Housing Programs
and Deputy. 200.56a Director Single Family and Land
Development Division and Dep
uty. 200.58 Director Multifamily Division and
Deputy. 200.588 Chief of the Rental Housing Branch. 200.58b Chief of the Cooperative and con
dominium Branch. 200.580 Chief of the Nursing Homes and
Related Facilities Branch. 200.580 Chief of the Group Practices and
Nonprofit Hospitals Branch. 200.59 Assistant Commissioner Subsidized
Housing Programs and Deputy. 200.59a Director Publicly Financed Housing
Division and Deputy. 200.59b Chief of the Low Rent Housing
Sec. 200.59c Chief of the College Housing As.
sistance Branch. 200.61 Director Subsidized Mortgage Insur
ance Division and Deputy. 200.61a (Reserved] 200.61b (Reserved] 200.610 (Reserved] 200.61d Chief of the Homeownership As
sistance Branch. 200.61e Chief of the Elderly Housing Assist
ance Branch. 200.611 Chief Multifamily Housing Assist
ance Branch. 200.62 Assistant Commissioner Technica
and Credit Standards an
Deputy. 200.63 Director of the Architecture ani
Engineering Division and Deputy 200.64 Director Appraisal and Mortgag
Risk Division and Deputy. 200.65 Assistant Commissioner Program
and Deputy. 200.65a [Reserved) 200.65b Director Economic and Marke
Analysis Division and Deputy. 200.66 Director of the Research and Statis
tics Division and Deputy. 200.67 Director of the Program Divisio
and Deputy. 200.68 Assistant Commissioner Adminis
tration and Deputy. 200.70 Director of the Budget Division ani
Deputy. 200.71 Director Participation and Compli
ance Review Division and Dep. uty; Previous Participation Re
view Officer. 200.72 Director of the Management ani
Operations Assistance Divisioi
and Deputy. 200.73 Assistant Commissioner for Reha
bilitation and Deputy. 200.77 Assistant Commissioner-Comptrol
ler and Deputy. 200.78 Accounts Officer and Deputy. 200.79 Insurance Officer and Deputy. 200.80 Fiscal Officer and Deputy. 200.81 Procedures Officer and Deputies. 200.82 Reports Officer and Deputy. 200.84 [Reserved] 200.84a [Reserved] 200.84b Field Ofice Directors, Deputies, and
Assistants. 200.84c Director of the Multifamily Hous. Sec. Sous 200.92
ing Insuring Office (New York) 200.84d (Reserved] 200.84e Director, Compliance Coordination.
DELEGATIONS TO COMMITTEES 200.85 Executive Board. 200.86 Security Committee. 200.87 Management Improvement Com.
mittee. 200.89 Substantial Compliance Committee. 200.90 Finance Committee. 200.91 Operations Analysis Policy Commit
Sec. 200.115 Program Manager and Multifamily
Housing Representative. 200.116 Director, Production Division, and
Deputy. 200.117 Director, Housing Services and
Property Management Division, and Chief, Property Operations
Branch. 200.118 Area Director and Deputy Area
Director. Subpart Mortgage Insurance Procedures and
Processing 200.140 Scope of subpart. 200.141 Procedure in general.
APPLICATION FOR INSURANCE 200.142 Form and filing. 200.143 Purpose and content. 200.144 Fees. 200.145 Technical analysis and underwrito
ing processing. 200.146 Acceptance, rejection and recon
COMMITMENT FOR INSURANCE 200.147 Issuance of commitment. 200.148 Types of commitments. 200.149 Terms and conditions.
INSURANCE ENDORSEMENT 200.150 Request for endorsement. 200.151 Final review. 200.152 Endorsement for insurance.
CLAIMS FOR LOSSES 200.153 Presentation of clalm. 200.154 Notice of default. 200.155 Claim requirements. 200.156 Settlement of claims. 200.157 Provisions and characteristics of
debentures. 200.158 Applicability of Treasury regula
tions to debenture transactions. 200.159 Relief on account of lost, stolen, de
stroyed, mutilated or defaced
debentures. 200.160 Redemption of debentures prior to
maturity. 200.161 Administration of debenture trans
actions. 200.162 Certificates of claim.
Structural Defects Committee.
MISCELLANEOUS DELEGATIONS 200.95 Field Office Chiefs of Operations merki
and Assistants to the Directors. 200.96 Field Office Directors, Deputy Di
rectors and Assistant Directors; and Director, Multifamily Hous
ing Insuring Office (New York). 200.97 Assistant Commissioner for Field
Operations and Deputy; Assistant
Commissioner for Home
Mortgages and Deputy; Assistant echu
Commissioner for Property Improvement and Deputy; and the Assistant Commissioner for Multifamily Housing and Deputy and Division Directors under their
Mortgage Credit Examiner and
aminer. 200.99 Real Property Officer. Ad-> 200.100 Closing Clerk. 200.103 Division Directors and their superi
ors; Field Office Directors, Depu
ties, and Assistants, and others. d (1= 200.104 Classified Information Control Off
cer. gatic 200.105 Personnel Security Officer and Dep
uty. 200.106 Assistant Commissioner for Field
Operations and Deputy; HUD Regional Administrators and Assistant Regional Administrators for FHA; Directors, Deputy Directors, Assistant Directors, Administrative Officers, Chief Clerks, and Service Office Supervisors in FHA Field Offices; and Assistant Comissioner for Administration
and Deputy. 200.107 National emergency. 200.108 Director Management and Opera
tions Assistance Division and
Regional Administrators, and the
Production and Mortgage Credit. 200.110 Chief, Valuation Section, and Com
mitment Appraiser. 200.111 Chief, Mortgage Credit Section, and
Commitment Mortgage Credit
Examiner. 200.113 Chief, Finance and Mortgage Credit
Section, 200.113 Assistant Director for Technical
Services. 200.114 Assistant Director for Single Fam
ily Mortgage Insurance.
Subpart Property Improvement Loan
Procedures and Processing
LOAN TRANSACTION 200.165 Lender's application for insurance. 200.166 Lending area. 200.167 Credit investigation of borrower. 200.168 Other requirements for a Property
Improvement loan. 200.169 Direct borrower loans. 200.170 Loan through a dealer. 200.171 Notice to borrower.
DISBURSEMENT 200.172 Disbursement of proceeds to dealer. 200.173 Disbursement of proceeds to bor
200.205 Basis of action. 200.206 Inquiry notice and explanation. 200.207 Determination. 200.208 Rescinding actions. Subpart K.Nondiscrimination and Equal Oppor
tunity in Housing and Group Practice Facilities 200.300 Nondiscrimination policy. 200.305 Notice to public. 200.310 Definition of "discriminatory prac
tice". 200.315 Prohibition against discriminatory
practice. 200.320 Subdivision report and multifamily,
land development, and group practice facilities preapplication
analysis. 200.325 Corporate charters and regulatory
agreements. 200.335 Provisions in legal instruments. 200.340 Complaints and hearings. 200.345 Sanctions. 200.350 Appeals from findings of Field
Office Directors, 200.355 Reinstatement.
Sec. 200.505 Nature of defect. 200.507 Eligibility requirements. 200.510 Type of assistance. 200.512 Subrogation by mortgagor. 200.515 Right and finality of determinatior
Subparts L-Q (Reserved] Subpart R-Claims Collection Standards 200.900 General collection standards. 200.905 Collection of title I accounts.
AUTHORITY: The provisions of this Part 20 issued under sec. 2, 48 Stat. 1246, as amende sec. 211, 52 Stat. 23, as amended, sec. 607, 6 Stat. 61, as amended, sec. 712, 62 Stat. 128 as amended, sec. 907, 65 Stat. 301, as amenc ed, sec. 807, 69 Stat. 651, as amended; I U.S.C. 1703, 1715b, 1742, 1747k, 1748f, 1750 Subpart A-Origin and Establishmer $ 200.1 Creation.
The Federal Housing Administratio: (frequently referred to herein as thi FHA) was originally created by the Na tional Housing Act, approved June 2 1934 (48 Stat. 1246; 12 U.S.C. 1702). O November 9, 1965, by operation of th. Department of Housing and Urban De velopment Act, approved September 1965 (79 Stat. 667), the FHA was trans ferred to the Department of Housing an Urban Development. (31 F.R. 7743, June 1, 1966] $ 200.2 Status.
The Federal Housing Administratio is an organizational unit within the De partment of Housing and Urban Deve opment. [31 F.R. 7743, June 1, 1966) $ 200.3 Purpose.
The Federal Housing Administratio was established to encourage improve ment in housing standards and cond: tions, to provide an adequate home f nancing system by insurance of housin mortgages and credit, and to exert stabilizing influence on the mortgag, market. [26 F.R. 7380, Aug. 12, 1961) $ 200.4 Meaning of term “Commii
sioner". Effective January 18, 1966, the terr “Commissioner," as used in this chaptei shall have the following meaning:
(a) Where the term appears in con nection with the conveyance or assign ment of real or personal property, it shal be deemed to refer to the Secretary o: Housing and Urban Development.
Subpart 1-Equal Employment Opportunity 200.400 Purpose. 200.405 Notice to public. 200.410 Definition of term “applicant”. 200.415 Agreement of applicant. 200.420 Equal opportunity clause to be in
cluded in contracts and sub
contracts. 200.425 Exemptions. 200.430 Sanctions.
Subpart K-Correction of Structural Defects 200.500 Purpose. 200.502 Application for assistance.
(b) Where the term appears in con
HOME MORTGAGE INSURANCE nection with instances other than set forth in paragraph (a) of this section,
$ 200.10 One-to four-family homes. it shall be deemed to refer to the Federal (a) The FHA insures mortgages on Housing Commissioner acting on behalf one- to four-family dwellings. The maxiof the Secretary of Housing and Urban mum mortgage cannot exceed the lesser Development.
of a dollar amount (which varies de(31 F.R. 816, Jan. 21, 1966)
pending upon whether the residence is
one-, two-, three- or four-family) and an Subpart B-Functions and Programs amount computed under a statutory for
mula based on the ratio the loan bears IN GENERAL
to the appraised value of the property. $ 200.5 Scope and nature of programs. (b) The basic home mortgage insur
ance program is authorized under Title The Federal Housing Administration
II, section 203(b) of the National Housdoes not make loans or build housing
ing Act and governed by regulations but operates insurance programs under
contained in Part 203 of this chapter. the provisions of the National Housing Act. The FHA provides insurance for pri
(26 F.R. 7380, Aug. 12, 1961, as amended at
32 F.R. 15637, Nov. 10, 1967) vate lenders against loss on mortgages financing homes, multifamily projects, $ 200.11 Disaster damage to homes. land development projects, and group
(a) The FHA Insures mortgages given practice facilities projects and against loss on loans for property improvements.
to finance the replacement of homes deIt also provides insurance of yields on
stroyed or extensively damaged by major investments in rental housing projects.
disasters. The maximum mortgage canAll mortgage and loan transactions must
not exceed the lesser of a dollar amount be acceptable to the Commissioner. The
and an amount computed under a statuvarious insurance programs are outlined
tory formula based on the ratio the loan in $ $ 200.10 through 200.39, and more
bears to the appraised value of the particularly described in other parts of
property. this chapter.
(b) This program is authorized under
Title II, section 203(h) of the National (32 F.R. 15637, Nov. 10, 1967)
Housing Act and governed by regula$ 200.6 Application for lender approval. tions contained in Part 203 of this
chapter. An application for approval, as a
[26 F.R. 7380, Aug. 12, 1961, as amended at mortgagee, as a loan correspondent or
32 F.R. 15637, Nov. 10, 1967] as a Title I lending institution is submitted on an appropriate form pre- $ 200.12 Suburban and farm homes. scribed by the Commissioner. These
(a) The FHA insures mortgages on forms may be obtained from any local
single-family owner-occupied homes loFHA insuring office or from the Head
cated in sparsely populated nonurban quarters Office in Washington, D.C.
areas and farm areas. The land on which When fully executed the form is sub
the house is located must be adjacent mitted to the insuring office having juris
to a public highway. The maximum diction for transmittal to the Headquar
mortgage cannot exceed the lesser of a ters Office, Washington, D.C.
dollar amount and an amount computed (26 F.R. 7380, Aug. 12, 1961)
under a statutory formula based on the $ 200.7 Forms for mortgage and loan
ratio the loan bears to the appraised insurance.
value of the property.
(b) This program is authorized under Forms and instructions for obtaining
Title II, section 203(i) of the National assistance under each of the various
Housing Act and governed by regulations FHA mortgage and loan insurance pro- contained in Part 203 of this chapte grams may be obtained from any FHA
126 F.R. 7380, Aug. 12, 1961, as amended at insuring office. When fully executed, 32 F.R. 15637, Nov. 10, 1967) forms are submitted to the insuring office having jurisdiction of the area
$ 200.13 Homes for servicemen. where the property is located and for (a) The FHA insures mortgages on which insurance assistance is requested. single-family dwellings owned and oc(32 F.R. 15637, Nov. 10, 1967]
cupied by servicemen on active duty with