CFR > Title 24 - Housing and Urban Development > SUBTITLE B—Regulations Relating to Housing and Urban Development > CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (parts 200 to 291) > SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES (parts 201 to 266) > PART 241—SUPPLEMENTARY FINANCING FOR INSURED PROJECT MORTGAGES > SUBPART E—Insurance for Equity Loans and Acquisition Loans—Eligibility Requirements (§241.1000 to §241.1120) > 241.1060—Maturity.

241.1060—Maturity.

(a) Equity loans shall have a term not to exceed 40 years; and

(b) Acquisition loans shall have a term of 40 years.

Code of Federal Regulations

[58 FR 37814, July 13, 1993]