§ 203.387. Acceptability of customary title evidence.
65 words·~1 min read·
/us/cfr/t24/s§ 203.387·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the title and title evidence are such as to be acceptable to prudent lending institutions and leading attorneys generally in the community in which the property is situated, such title and title evidence shall be satisfactory to the Secretary and shall be considered as good and marketable. In cases of disagreement, the Secretary will make the final decision. \[57 FR 47974, Oct. 20, 1992\]