24 CFR § 234.66 - Free assumability; exceptions.

---
identifier: "/us/cfr/t24/s234.66"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 234.66 - Free assumability; exceptions."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "234.66"
section_name: "Free assumability; exceptions."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "234"
part_name: "CONDOMINIUM OWNERSHIP MORTGAGE INSURANCE"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1715b and 1715y; 42 U.S.C. 3535(d)."
regulatory_source: "36 FR 24628, Dec. 22, 1971, unless otherwise noted."
cfr_part: "234"
---


# 234.66 Free assumability; exceptions.

For purposes of HUD's policy of free assumability with no restrictions, as provided in § 203.41 of this chapter, the definition of *Legal restrictions on conveyance* in § 203.41(a)(3) of this chapter does not include rights of first refusal held by a condominium association for a project approved by the Secretary under this subpart prior to September 10, 1993.