24 CFR 401.471

§ 401.471 HUD payment of a section 541(b) claim.

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

Cite this

Citation: 24 CFR 401.471, § 401.471 HUD payment of a section 541(b) claim, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100706
Permanent ID: ys:prov:100706@1
SHA-256: 7c939a1f245e2e33e75331729cbf3b3050453dc7e7c6bc9b938449d3449dfe4c

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

HUD will pay a section 541(b) claim from the appropriate insurance fund to the insured mortgagee on behalf of the mortgagor. The mortgagee must use the claim payment to prepay the principal balance of the insured mortgage, in whole or in part, as provided in the Restructuring Plan. All section 541(b) claims will be paid in cash. Part 207 of this title and sections 207(g) and 541(a) of the NA do not apply to a section 541(b) claim.

Legislative history

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