[See Sec. (C) PROHIBITED SOURCES] SEC. 2113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED DOWN PAYMENT ASSISTANCE.
Paragraph (9) of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is amended to read as follows: ‘‘(9) CASH INVESTMENT REQUIREMENT.- ‘‘(A) IN GENERAL.-A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash or its equivalent, on account of the property an amount equal to not … (1 comments)
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Welcome to Lynn's Blog where you will find Real estate related information, including homes for sale.
Serving Big Rapids, Michigan, and the area counties of Mecosta, Newaygo, Osceola, Lake, Montcalm & Kent County
This is from the Government Printing Office, (GPO)
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