5250. Mortgages

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

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

5251. - 5299. Reserved.

Guidance/Notices

There is no history log for this rule.

Disciplinary History

There is no history log for this rule.

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5201. Introduction

5210. Government issued or guaranteed bonds, debentures, treasury bills, notes and certain other non-commercial securities not in default

5211. Government residual debt and stripped coupons not in default

5212. Government floating rate debt obligations

5213. Government mortgage-backed securities

5214. Other non-commercial issuers not qualifying under sections 5210 through 5212

5220. Commercial and corporate bonds, debentures, notes and other securities not in default

5221. Convertible commercial and corporate bonds, debentures, notes and other securities not in default

5222. Bank paper not in default

5223. Commercial residual debt and stripped coupons not in default

5224. Convertible commercial residual debt not in default

5225. Commercial and corporate floating rate debt obligations not in default

5226. Commercial and corporate income bonds not in default

5227. Commercial and corporate mortgage-backed securities

5230. Debt securities in default

5240. Circumstances under which debt margin surcharge is imposed

5241. Determining debt margin surcharge