24 CFR 1005.757
§ 1005.757 Incentive payments.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 1005.757, § 1005.757 Incentive payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102744
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Full text
As an alternative to foreclosure, or eviction where applicable, as prescribed by Section 184 Program Guidance, HUD may authorize, an incentive payment to:
(a) Borrowers that complete certain loss mitigation options or for their agreement to vacate the property after foreclosure, under the terms established by the Secretary;
(b) Holders or Servicers for their completion of certain loss mitigation options; and
(c) Tribes or TDHEs for their assistance in loss mitigation, sale, or transfer of the Trust Land property.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.