US lawFederal (United States)RegulationsTitle 24 CFR — Housing and Urban DevelopmentChapter II — OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTPart 232 — MORTGAGE INSURANCE FOR NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES, AND ASSISTED LIVING FACILITIESSubpart C — Eligibility Requirements—Supplemental Loans To Finance Purchase and Installation of Fire Safety Equipment232.58624 C.F.R. § 232.586Minimum principal loan amount.Last amended: 2016Year: 2026Length: 41 wordsOfficial source Cite as 24 C.F.R. § 232.586 (2026)A mortgagee may not require, as a condition of providing a loan secured by a mortgage insured under this subpart, that the principal amount of the mortgage exceed a minimum amount established by the mortgagee. [53 FR 8885, Mar. 18, 1988]Previous24 C.F.R. § 232.585Next24 C.F.R. § 232.590