24 CFR 206.17 : 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 Mortgages (§ 206.17 To § 206.32) — General.

4 Aug 2016

(a) Payment options. A mortgage shall initially provide for the tenure payment option (§ 206.19(a)), the term payment option (§ 206.19(b)), or the line of credit payment option (§ 206.19(c)), or a combination as provided in § 206.25(d), subject to later change in accordance with § 206.26.

(b) Interest rate. A mortgage shall provide for either fixed or adjustable interest rates in accordance with § 206.21.

(c) Shared appreciation. A mortgage may provide for shared appreciation in accordance with § 206.23.

24 CFR 206.17
[54 FR 24833, June 9, 1989, as amended at 61 FR 36266, July 9, 1996]