# 7 CFR § 1806.24: Eligibility

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.24

## Section

- **Citation:** 7 CFR § 1806.24
- **Heading:** Eligibility
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—Agriculture > Subtitle B—Regulations of the Department of Agriculture > CHAPTER XVIII—RURAL HOUSING SERVICE, RURAL BUSINESS-COOPERATIVE SERVICE, AND RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE > SUBCHAPTER A—GENERAL REGULATIONS > PART 1806—INSURANCE > Subpart B—National Flood Insurance

## Text

In addition to an applicant meeting the requirements for the type of financial assistance requested, the following requirements for eligibility of applicants for financial assistance for acquisition and construction purposes in designated special flood and mudslide prone areas must be met:
(a) If flood insurance is available, to be eligible after March 1, 1974, the applicant must have purchased a flood insurance policy at the time the loan or grant is closed.
(b) Applicants will not receive financial assistance in those communities that have been notified as having special flood and mudslide prone areas and where flood insurance is not available within 1 year after such notification or by July 1, 1975, whichever is later.

## Nearby sections

- [7 CFR § 1806.1 § 1806.1 General.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.1.md)
- [7 CFR § 1806.2 § 1806.2 Companies and policies.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.2.md)
- [7 CFR § 1806.3 § 1806.3 Coverage requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.3.md)
- [7 CFR § 1806.4 § 1806.4 Examining and general servicing of insurance.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.4.md)
- [7 CFR § 1806.5 § 1806.5 Losses.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.5.md)
- [7 CFR § 1806.6 § 1806.6 Failure of borrower to provide insurance.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.6.md)
- [7 CFR § 1806.21 § 1806.21 General.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.21.md)
- [7 CFR § 1806.22 § 1806.22 Areas of responsibility.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.22.md)
- [7 CFR § 1806.23 § 1806.23 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.23.md)
- [7 CFR § 1806.24 § 1806.24 Eligibility.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.24.md)
- [7 CFR § 1806.25 § 1806.25 Conditions.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.25.md)
- [7 CFR § 1806.26 § 1806.26 Coverage and premium rates.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.26.md)
- [7 CFR § 1806.27 § 1806.27 Acceptable policies and servicing.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.27.md)
- [7 CFR § 1806.28 § 1806.28 Borrowers required to escrow.](https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.28.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-7-1806.24. Check the current official text before relying on it. Not legal advice.