Code of Federal Regulations · Section
§ 1005.421 — Certification Of Appraisal Amount
24 C.F.R. § 1005.421
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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.
Authorizing Statute
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Administrative provisions42 U.S.C. § 3535
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Minimum standards for residential mortgage loans15 U.S.C. § 1639c