Insured Loan [HUD] Law and Legal Definition
Pursuant to 24 CFR 203.440 (a) [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; Chapter II Office of Assistant Secretary for Housing Federal Housing Commissioner, Department of Housing and Urban Development; Subchapter B Mortgage and Loan Insurance Programs under National Housing Act and Other Authorities; Part 203 Single Family Mortgage Insurance; Subpart B Contract Rights and Obligations; Rehabilitation Loans], the term Insured Loan means “a loan which has been insured as evidenced by the issuance of an Insurance Certificate or by the endorsement of the note for insurance by the Commissioner.”
Legal Definition list
Related Legal Terms
- Accessible Route [HUD]
- Accident Potential Zone [HUD]
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Actuarial Method [HUD]
- Additional Insured or Additional Interest
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Aggrieved Individual [HUD]
