(a) Payment options.
A mortgage shall initially provide for the tenure payment option ( § 206.19(a) ), the term payment option ( § 206.19(b) ), or the line of credit payment option ( § 206.19(c) ), or a combination as provided in § 206.25(d), subject to later change in accordance with § 206.26.
(b) Interest rate.
A mortgage shall provide for either fixed or adjustable interest rates in accordance with § 206.21.
(c) Shared appreciation.
A mortgage may provide for shared appreciation in accordance with § 206.23.
Code of Federal Regulations
[54 FR 24833, June 9, 1989, as amended at 61 FR 36266, July 9, 1996]