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Presentations of Uniform Act Final Rule Implementation

90 Day Occupants Downpayment Assistance § 24.402(c)

Notes:

In the case of the first bullet, there was only a minor clarification of the language of the regulation with no change in meaning or implementation.

The second bullet, in the new Appendix language, does make a change in that the downpayment is no longer limited by the minimum downpayment amount required for obtaining a conventional loan.

IMPLEMENTATION: This potentially would benefit purchasers of lower value Decent, Safe, and Sanitary replacement properties. It would also tend to lessen administrative burden of agencies to implement the downpayment program.

Updated: 04/02/2013
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