Definitions.

CFR · 2024-01-01 · US · Title 7

As used in this subpart, the following definitions apply: (a) (1) Is financed with a section 502 insured loan; (2) Was constructed substantially or wholly under the contract method, or under a conditional commitment, or, as to only work performed by a contractor or covered by a manufacturer's warranty, under the mutual self-help program; (3) Was not more than one year old and not previously occupied as a residence at the time financial assistance was granted unless Rural Development has extended the conditional commitment issued on a newly constructed dwelling in accordance with 7 CFR part 3550; and (4) Had the required construction inspections performed by Rural Development, the Department of Housing and Urban Development (HUD), or the Veterans Administration (VA). (b) (1) Is financed with a section 502 insured loan; (2) Was not more than one year old and not previously occupied as a residence at the time financial assistance was granted; and (3) Is built to the Federal Manufactured Home Construction and Safety Standards (FMHCSS) and is certified by an affixed label as shown in exhibit J of subpart A of part 1924 of this chapter. (c) (1) Cracks attributed to normal curing or settlement. (2) Cosmetic defects in cabinets, woodwork, floorcovering, wallcovering, ornamental trim, etc. (3) Improper or incomplete seeding or sodding of yard, or failure of trees, shrubs, grass and other landscaping items to thrive. (4) Improper grading of yard, unless the grade is causing damage whic

official document · source cfr-2024 · id 7:§ 1924.253