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24 CFR 200.50 : 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) — General (§ 200.1 To Appendix A To Part 200) — Introduction To Fha Programs (§ 200.1 To Appendix A To Part 200) — Requirements For Application, Commitment, And Endorsement Generally Applicable To Multifamily And Health Care Facility Mortgage Insurance Programs; And Continuing Eligibility Requirements For Existing Projects (§ 200.3 To § 200.106) — Requirements Incident To Insured Advances (§ 200.50 To § 200.56) — Building loan agreement.

4 Aug 2016

The mortgagor and mortgagee must execute a building loan agreement approved by the Commissioner, that sets forth the terms and conditions under which progress payments may be advanced during construction, before initial endorsement of the mortgage for insurance.

24 CFR 200.50