24 CFR 886.314

§ 886.314 Financial default.

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

Cite this

Citation: 24 CFR 886.314, § 886.314 Financial default, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/101407
Permanent ID: ys:prov:101407@1
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Full text

In the event of a financial default under the project mortgage, HUD shall have the right to make subsequent housing assistance payments to the mortgagee until such time as the default is cured, or until some other time agreeable to the mortgagee and approved 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.