(b) For the purposes of this subpart, all of the references in §§ 203.251 et seq. (Part 203, Subpart B) of this chapter; §§ 220.251 et seq. (Part 220, Subpart B) of this chapter; §§ 221.251 et seq. (Part 221, Subpart B) of this chapter; or §§ 234.251 et seq. (Part 234, Subpart B) of this chapter to:

(1) Section 203, 220, 221, or 234 of the Act shall be construed to refer to section 237 of the Act.

(2) The Mutual Mortgage Insurance Fund or the General Insurance Fund shall be construed to refer to the Special Risk Insurance Fund.

Added: August 1, 1968

177-180

Subpart C-Assistance PaymentsHomes for Low and Moderate Income Families

Sec.

237.301 Incorporation by reference.

237.305 Application for assistance payments. 237.310 Execution of assistance payment

contract.

AUTHORITY: The provisions of this Part 237 issued under secs. 203, 211, 52 Stat. 10, as amended, sec. 237, 82 Stat. 476, as amended; 12 U.S.C. 1715b.

§ 237.301 Incorporation by reference. (a) All of the provisions of Subpart C, Part 235 of this chapter concerning assistance payments for lower income families apply to assistance payments for mortgages insured under section 237 of the National Housing Act, except the following provisions:

Sec.

235.310 Approval of application for assistance payments.

235.315 Qualified cooperative members. 235.317 Cooperative units eligible for assistance payments.

(b) For the purposes of this subpart, all references in Part 235 of this chapter to:

(1) Section 235 of the Act shall be construed to refer to section 237 of the Act.

(2) This subpart shall be construed to refer to Subpart C of this Part 237.

(3) Subparts A and B of this part shall be construed to refer to Subparts A and B of this Part 237.

§ 237.305 Application for assistance pay

ments.

Any approved mortgagee may submit, on a form prescribed by the Commissioner, an application for assistance payments in accordance with the provisions of this subpart.

§ 237.310 Execution of assistance pay

ment contract.

The issuance of a mortgage insurance certificate pursuant to § 237.1 et seq. shall also constitute the execution of the contract for assistance payments with respect to the mortgage being insured, if the mortgagor has applied for such assistance payments.

Added: October 28, 1968