24 CFR 811.106

§ 811.106 Default under the contract.

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

Cite this

Citation: 24 CFR 811.106, § 811.106 Default under the contract, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/101167
Permanent ID: ys:prov:101167@1
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Full text

If HUD finds there is a default under the Contract, the field office shall so notify the trustee and give the trustee a specified reasonable time to take action to require the owner to correct such default prior to any suspension or termination of payments under the contract. In the event of a default under the contract, HUD may terminate or suspend payments under the contract, may seek specific performance of the contract and may pursue other remedies.

Legislative history

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