Title 24, Part 1005 — Loan Guarantees for Indian Housing

Purpose.

Severability.

Definitions.

Lender Applicant approval and participation.

Lender Applicants deemed approved by statute.

Lender Applicants required to obtain Secretarial approval.

Lender Applicant participation options.

Direct Guarantee Lender application process.

Direct Guarantee Lender approval.

Non-Direct Guarantee Lender application, approval, and Direct Guarantee Lender sponsorship.

Direct Guarantee Lender annual reporting requirements.

Quality control plan.

Other requirements.

Business change reporting.

Direct Guarantee Lender Annual recertification requirements.

Program ineligibility.

Tribal legal and administrative framework.

Tribal application.

Approval of Tribal application.

Tribal annual recertification.

Tribal duty to report proposed changes and actual changes.

HUD notification of any lease default.

Tribal reporting requirements.

Eligible Borrowers.

Principal Residence.

Borrower residency status.

Relationship of income to loan payments.

Credit standing.

Disclosure and verification of Social Security and Employer Identification Numbers or Tax Identification Number.

Acceptable title.

Sale of property.

Location of property.

Requirements for standard housing.

Certification of appraisal amount.

Legal Restrictions on Conveyance.

Rental properties.

Refinancing.

Eligibility of Loans covering manufactured homes.

Acceptance of individual residential water purification.

Builder warranty.

Eligible collateral.

Loan provisions.

Loan lien.

Section 184 Guaranteed Loan limit.

Loan amount.

Case numbers.

Maximum age of Loan documents.

Qualified mortgage.

Agreed interest rate.

Amortization provisions.

Direct guarantee underwriting.

Appraisal.

Loan submission to HUD for endorsement.

HUD issuance of Firm Commitment.

Direct Guarantee Lender closing requirements.

Contents of endorsement case binder.

Payment of Upfront Loan Guarantee Fee.

Borrower's payments to include other charges and escrow payments.

Application of payments.

Late fee.

Borrower's payments when Section 184 Guaranteed Loan is executed.

Charges, fees, or discounts.

Certificate of nondiscrimination by the Direct Guarantee Lender.

Creation of the contract.

Pre-endorsement review and requirements.

HUD pre-endorsement review.

Loan Guarantee Certificate.

Post-endorsement review.

Indemnification.

Scope and method of payment.

Up-Front Loan Guarantee Fee.

Remittance of Up-Front Loan Guarantee Fee.

Annual Loan Guarantee Fee.

Remittance of Annual Loan Guarantee Fee.

HUD imposed penalties.

Section 184 Guaranteed Loan servicing generally.

Servicer eligibility and application process.

Servicer approval.

Responsibility for servicing.

Providing information to Borrower and HUD.

Assumption and release of personal liability.

Due-on-sale provision.

Application of Borrower payments.

Administering escrow accounts.

Fees and costs after endorsement.

Enforcement of late fees.

Partial Payments.

Handling prepayments.

Substitute Borrowers.

Section 184 Guaranteed Loan collection action.

Default notice to Borrower.

Loss mitigation application, timelines, and appeals.

Occupancy inspection.

Vacant or abandoned property procedures.

Loss mitigation.

Notice to Tribe and BIA—Borrower default.

Relief for Borrower in military service.

Forbearance plans.

Assumption.

Loan modification.

Loss mitigation advance.

Pre-foreclosure sale.

Deed-in-lieu/lease-in-lieu of foreclosure.

Incentive payments.

Property on Trust Land—Tribal First Right of Refusal; foreclosure or assignment.

Fee simple properties—foreclosure or assignment with HUD approval.

First Legal Action deadline and automatic extensions.

Assignment of the Section 184 Guaranteed Loan.

Inspection and preservation of properties.

Property condition.

Conveyance of property to HUD at or after foreclosure; time of conveyance.

HUD acceptance of assignment or conveyance.

Purpose.

Claim case binder; HUD authority to review records.

Effect of noncompliance.

Claim submission categories.

Claim types.

Claims supporting documentation.

Up-front and Annual Loan Guarantee Fee reconciliation.

Conditions for withdrawal of claim.

Conveyance of Good and Marketable Title.

Types of satisfactory title evidence.

Coverage of title evidence.

Waived title objections for properties on fee simple land.

Waived title objections for properties on Trust Land.

Damage or neglect.

Certificate of property condition.

Cancellation of hazard insurance.

Method of payment.

Claim payment not conclusive evidence of claim meeting all HUD requirements.

Payment of claim: unpaid principal balance.

Payment of claim: interest on unpaid principal balance.

Payment of claim: reimbursement of eligible and reasonable costs.

Reductions to the claim submission amount.

Rights and liabilities under Indian Housing Loan Guarantee Fund.

Final payment.

Reconveyance and reassignment.

Reimbursement of expenses to HUD.

Performance reviews.

Reporting and certifications.

Notice of sanctions.

Sanctions and civil money penalties.

Appeals process.