1. Regulations
  2. title 24
  3. chapter IX
  4. part 1005
  5. subpart D
  6. subjgrp 56
  7. § 1005.405

View all text of Subjgrp 56 [§ 1005.401 - § 1005.411]

§ 1005.405 - Borrower residency status.

(a) An eligible Borrower who is an Indian must be:

(1) A U.S. citizen;

(2) A lawful permanent resident alien; or

(3) A non-permanent resident alien.

(b) Documentation must be provided to the Direct Guarantee Lender to support lawful residency status as defined in the Immigration and Nationality Act, codified at 8 U.S.C. 1101, et seq.

AUTHORITY: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

SOURCE: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.

CITE AS: 24 CFR 1005.405