24 CFR §221.320 — Certificate or statement of condition

fha-24cfr-221-320

24 CFR §221.320, Certificate or statement of condition. 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).

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Verbatim regulatory text (2)

Verbatim provisions from 24 CFR §221.320 — Certificate or statement of condition — 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 §221.320(a)

(a) At the time of the assignment of the mortgage or conveyance of the property to the Commissioner, the mortgagee shall, as of the date of the filing for record of the deed or assignment, (1) Certify that the conditions of § 221.305(a) have been met; or (2) Submit a statement describing any such damage that may still exist.

Source: 24 CFR §221.320(a) · source URL · snapshot ed01020ce158ec22

24 CFR §221.320(b)

(b) In the absence of evidence to the contrary, the mortgagee's certificate or its statement as to damage shall be accepted by the Commissioner as establishing the condition of the family unit and the common areas and facilities including restricted common areas and facilities designated for the particular unit.

Source: 24 CFR §221.320(b) · source URL · snapshot ed01020ce158ec22

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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-221-320/ · register fha-24cfr-221-320 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.