Security requirements.

CFR · 2024-01-01 · US · Title 7

A Down payment loan must: (a) Be secured in accordance with §§ 764.103 through 764.106; (b) Be secured by a lien on the property being acquired with the loan funds and junior only to the party financing the balance of the purchase price.

official document · source cfr-2024 · id 7:§ 764.205