§ 1005.421. Certification of appraisal amount.
62 words·~1 min read·
/us/cfr/t24/s§ 1005.421·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A Section 184 Guaranteed Loan must be accompanied by a sales contract satisfactory to HUD, executed by the seller, whereby the seller agrees that before any sale of the property, the seller will deliver to the purchaser of the property a certification of the appraisal, in a form satisfactory to HUD, setting forth the amount of the appraised value of the property.