24 CFR § 904.116 - Transfer of title to homebuyer.

---
identifier: "/us/cfr/t24/s904.116"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 904.116 - Transfer of title to homebuyer."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "904.116"
section_name: "Transfer of title to homebuyer."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "904"
part_name: "LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 1437-1437ee and 3535(d)."
regulatory_source: "39 FR 10966, Mar. 22, 1974, unless otherwise noted. Redesignated at 40 FR 15580, Apr. 7, 1975, and further redesignated at 49 FR 6714, Feb. 23, 1984."
cfr_part: "904"
---


# 904.116 Transfer of title to homebuyer.

When the homebuyer is to obtain ownership as described in § 904.113 or § 904.115, a closing date shall be mutually agreed upon by the parties. On the closing date the homebuyer shall pay the required amount of money to the LHA, sign the promissory note pursuant to § 904.114, and receive a deed for the home.