Prohibition of requirement of minimum principal loan amount

  1. Law
  2. USC 12
  3. Banks And Banking
  4. NATIONAL HOUSING
  5. MISCELLANEOUS
  6. Prohibition of requirement of minimum principal loan amount

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§1735f–13. Prohibition of requirement of minimum principal loan amount

A mortgagee or lender may not require, as a condition of providing a loan insured under this chapter or secured by a mortgage insured under this chapter, that the principal amount of the loan exceed a minimum amount established by the mortgagee or lender.

(June 27, 1934, ch. 847, title V, §535, as added Pub. L. 100–242, title IV, §419(a), Feb. 5, 1988, 101 Stat. 1913 .)


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