24 CFR 206.35 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 200.1 To Parts 403-499) — Regulations Relating To Housing And Urban Development (Continued) (§ 200.1 To Parts 403-499) — Office Of Assistant Secretary For Housing - Federal Housing Commissioner, Department Of Housing And Urban Development (§ 200.1 To Parts 292-299) — Mortgage And Loan Insurance Programs Under National Housing Act And Other Authorities (§ 201.1 To § 267.22) — Home Equity Conversion Mortgage Insurance (§ 206.1 To § 206.308) — Eligibility; Endorsement (§ 206.9 To § 206.53) — Eligible Mortgagors (§ 206.33 To § 206.43) — Title held by mortgagor.

4 Aug 2016

The mortgagor shall hold title to the entire property which is the security for the mortgage. If there are multiple mortgagors, all the mortgagors must collectively hold title to the entire property which is the security for the mortgage. If one or more mortgagors hold a life estate in the property, for purposes of this section only the term “mortgagor” shall include each holder of a future interest in the property (remainder or reversion) who has executed the mortgage.

24 CFR 206.35
[54 FR 24833, June 9, 1989, as amended at 61 FR 49033, Sept. 17, 1996]