24 CFR 401.552

§ 401.552 Servicing of second mortgage.

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

Cite this

Citation: 24 CFR 401.552, § 401.552 Servicing of second mortgage, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100718
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Full text

HUD or its designee will be responsible for servicing the second mortgage, including determining the amounts receivable by the owner under § 401.461(b)(3)(ii)(A). HUD may designate the PAE, with the PAE's consent, as servicer for the second mortgage.

Legislative history

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