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Code of Federal Regulations Title 7. Agriculture § 7.3550.72 Community land trusts

Current as of January 02, 2025 | Updated by Findlaw Staff

Eligible dwellings located on land owned by a community land trust may be financed if:

(a) The loan meets all the requirements of this subpart;  and

(b) Any restrictions, imposed by the community land trust on the property or applicant are:

(1) Reviewed and accepted by RHS before loan closing;  and

(2) Automatically and permanently terminated upon foreclosure or acceptance by RHS of a deed in lieu of foreclosure.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.3550.72 Community land trusts - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-3550-72/

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