# 24 CFR § 206.32: No outstanding unpaid obligations

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-24-206.32

## Section

- **Citation:** 24 CFR § 206.32
- **Heading:** No outstanding unpaid obligations
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 24—Housing and Urban Development > Subtitle B—Regulations Relating to Housing and Urban Development > CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT > SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES > PART 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE > Subpart B—Eligibility › Endorsement > Eligible Mortgages

## Text

In order for a mortgage to be eligible under this part, a borrower must establish to the satisfaction of the mortgagee that after the initial payment of loan proceeds under § 206.25(a), there will be no outstanding or unpaid obligations incurred by the borrower in connection with the mortgage transaction, except for mortgage servicing charges permitted under § 206.207(b) and any future Repair Set Aside established pursuant to § 206.19(f)(1); and the initial disbursement will not be used for any payment to or on behalf of an estate planning service firm.

## Nearby sections

- [24 CFR § 206.17 § 206.17 Eligible mortgages: general.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.17.md)
- [24 CFR § 206.19 § 206.19 Payment options.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.19.md)
- [24 CFR § 206.21 § 206.21 Interest rate.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.21.md)
- [24 CFR § 206.23 § 206.23 Shared appreciation.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.23.md)
- [24 CFR § 206.25 § 206.25 Calculation of disbursements.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.25.md)
- [24 CFR § 206.26 § 206.26 Change in payment option.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.26.md)
- [24 CFR § 206.27 § 206.27 Mortgage provisions.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.27.md)
- [24 CFR § 206.31 § 206.31 Allowable charges and fees.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.31.md)
- [24 CFR § 206.32 § 206.32 No outstanding unpaid obligations.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.32.md)
- [24 CFR § 206.33 § 206.33 Age of borrower.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.33.md)
- [24 CFR § 206.34 § 206.34 Limitation on number of mortgages.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.34.md)
- [24 CFR § 206.35 § 206.35 Title of property which is security for HECM.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.35.md)
- [24 CFR § 206.36 § 206.36 Seasoning requirements for existing non-HECM liens.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.36.md)
- [24 CFR § 206.37 § 206.37 Credit standing.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.37.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-24-206.32. Check the current official text before relying on it. Not legal advice.