5250. Mortgages

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    1. The minimum Dealer Member inventory margin requirements for mortgages are as follows:

      Mortgage type

      Minimum margin requirement expressed as a percentage of market value

      National Housing Act insured mortgage

      6%

      Conventional first mortgage

      12% or the rate set by the chartered banks, whichever is greater

    2. Client account positions in mortgages may not be carried on margin.

    5251. - 5299.  Reserved.

    There is no history log for this rule.

    There is no history log for this rule.