24 C.F.R. § 234.66   Free assumability; exceptions.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 234—CONDOMINIUM OWNERSHIP MORTGAGE INSURANCE
Subpart A—Eligibility Requirements—Individually Owned Units

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§ 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.

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