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24 CFR 1005.747

§ 1005.747 Assumption.

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

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24 CFR 1005.747, § 1005.747 Assumption, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102739
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The Servicer shall explore assumption as a loss mitigation option with the Borrower in accordance with § 1005.711. Assumptions associated with loss mitigation must result in the cure of the default and reinstatement of the Section 184 Guaranteed Loan.

Legislative history

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