24 CFR §221.280 — Waived title objections
24 CFR §221.280, Waived title objections. An FHA single family program rule in Subpart B—Contract Rights and Obligations—Low Cost Homes of 24 CFR Part 221 (Low Cost and Moderate Income Mortgage Insurance—Savings Clause).
Verbatim regulatory text
Verbatim provisions from 24 CFR §221.280 — Waived title objections — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
24 CFR §221.280(a)
(a) General provisions. All of the provisions of § 203.389 of this chapter (relating to the waiver by the Commissioner of objections to title) shall apply to mortgages insured under this subpart, with the exception of mortgages involving condominium units.
24 CFR §221.280(b)
(b) Provisions applicable to condominium units. Where the mortgage involves a condominium unit, the Commissioner shall not object to title by reason of the following matters: (1) Violations of a restriction based on race, color, or creed, even where such restriction provides for a penalty of reversion or forfeiture of title or a lien for liquidated damage. (2) Easements for public utilities along one or more of the property lines, provided the exercise of the rights thereunder do not interfere with any of the buildings or improvements located on the subject property. (3) Encroachments on the subject property by improvements on adjoining property, provided such encroachments do not interfere with the use of any improvements on the subject property. (4) Variations between the length of the subject property lines as shown on the application for insurance and as shown by the record or possession lines, provided such variations do not interfere with the use of any of the improvements on the subject property. (5) Customary buildings or use restrictions for breach of which there is no reversion and which have not been violated to a material extent.
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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-221-280/
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