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PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE›Special Provisions Applicable Only to Mortgages Involving Condominium Units

§ 221.320 Certificate or statement of condition.

24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing) · 2026 edition · updated 2026-07-29 · United States

(a) At the time of the assignment of the mortgage or conveyance of the property to the Commissioner, the mortgagee shall, as of the date of the filing for record of the deed or assignment,

(1) Certify that the conditions of § 221.305(a) have been met; or

(2) Submit a statement describing any such damage that may still exist.

(b) In the absence of evidence to the contrary, the mortgagee's certificate or its statement as to damage shall be accepted by the Commissioner as establishing the condition of the family unit and the common areas and facilities including restricted common areas and facilities designated for the particular unit.

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▸ Contents — 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
  1. 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance…
  2. PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE
  3. ▸ PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVIN…
    Overview
    1. Subpart A—Eligibility Requirements—Low Cost Homes—Savings Clause
    2. Subpart B—Contract Rights and Obligations—Low Cost Homes
    3. ▸ Special Provisions Applicable Only to Mortgages Involving Cond…
      Overview
      1. § 221.300 Changes in the plan of apartment ownership.
      2. § 221.305 Condition of the multifamily structure.
      3. § 221.310 Assessment of taxes.
      4. § 221.315 Certificate of tax assessment.
      5. § 221.320 Certificate or statement of condition.
      6. § 221.325 Cancellation of hazard insurance.
    4. Subpart C—Eligibility Requirements—Moderate Income Projects
    5. Subpart D—Contract Rights and Obligations—Moderate Income Proj…
    6. Subpart E—Servicing Responsibilities—Low Cost Homes

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