Principal Residence [HUD] Law and Legal Definition
Pursuant to 24 CFR 201.2 [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 201 Title I Property Improvement and Manufactured Home Loans; Subpart A General], the term Principal Residence means “a home where the borrower expects to live at least nine months of the year.”
Legal Definition list
- Principal Residence [HUD]
- Principal Representative [Department of State Standardized Regulations]
- Principal Register
- Principal Place of Business
- Principal Obligor
- Principal Shareholder
- Principal Underwriter
- Principal-Protected Pool
- Principal, Interest, Tax, Insurance(PITI)
- Principia Probant, Non Probantur
- Principle
