24 CFR 266.640

§ 266.640 Foreclosure and acquisition.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 266.640, § 266.640 Foreclosure and acquisition, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100485
Permanent ID: ys:prov:100485@1
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Full text

The HFA is not required to foreclose the insured mortgage. It may accept a deed-in-lieu of foreclosure.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.