24 CFR §200.410 — Definition of term “applicant”
24 CFR §200.410, Definition of term “applicant”. An FHA program rule in Subpart J—Equal Employment Opportunity of 24 CFR Part 200 (Introduction to FHA Programs).
Verbatim regulatory text
Verbatim provisions from 24 CFR §200.410 — Definition of term “applicant” — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
24 CFR §200.410(a)
(a) In any mortgage or loan insurance transaction under this chapter where the Commissioner will control the mortgagor either through the ownership of corporate stock or under the provisions of a regulatory agreement, the term applicant as used in § 200.415 shall mean the mortgagor.
24 CFR §200.410(b)
(b) In any transaction other than one specified in paragraph (a) of this section, the term applicant as used in § 200.415 shall mean the developer, or the builder, dealer or contractor performing the construction, repair or rehabilitation work for the property owner.
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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-200-410/
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