24 CFR 401.407

§ 401.407 Closing conducted by PAE.

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

Cite this

Citation: 24 CFR 401.407, § 401.407 Closing conducted by PAE, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100693
Permanent ID: ys:prov:100693@1
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Full text

After the owner has executed the Restructuring Commitment, the PAE must arrange for a closing to execute all documents necessary for implementation of the Restructuring Plan. The PAE must use standard documents approved by HUD, with modifications only as necessary to comply with applicable State or local laws, or such other modifications as are approved in writing by HUD.

Legislative history

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