Code of Federal Regulations (alpha)

CFR /  Title 24  /  Part 1000  /  Sec. 1000.146 Are binding commitments for the remaining useful who subsequently takes ownership of a homeownership unit?

No. The transfer of a homeownership unit to a family member or household member is not subject to a binding commitment for the remaining useful life of the property. Any subsequent transfer by the family member or household member to a third party (not a family member or household member) is subject to any remaining useful life under a binding commitment. [77 FR 71526, Dec. 3, 2012]