Deferral Period

Deferral Period means the period of time following the death of the last surviving borrower during which the due and payable status of a HECM is deferred for an Eligible Non-Borrowing Spouse provided that the Qualifying Attributes and all other FHA requirements continue to be satisfied.

Source

24 CFR § 206.3

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Scoping language

As used in this part, the following terms shall have the meaning indicated.

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