24 CFR §266.405
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)Eligibility of title. Marketable title to the mortgaged property must be vested in the mortgagor on the date the mortgage is filed for record.
- (b)Title evidence. The HFA must receive a title insurance policy that ensures that marketable title is vested in the mortgagor, that a survey acceptable to the HFA has been performed, and that no existing impediments to title concern, or exist on, the property.