24 CFR 1005.839

§ 1005.839 Payment of claim: interest on unpaid principal balance.

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

Cite this

Citation: 24 CFR 1005.839, § 1005.839 Payment of claim: interest on unpaid principal balance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102773
Permanent ID: ys:prov:102773@1
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Full text

HUD shall pay interest on the unpaid principal balance from the date of default to the earlier of the following: (a) The execution of deed-in-lieu/lease-in-lieu of foreclosure; (b) The execution of the conveyance to either Holder, HUD or a third-party; (c) The execution of the assignment of the Section 184 Guaranteed Loan to HUD; (d) The expiration of the reasonable diligence timeframe; or (e) Other event as prescribed by Section 184 Program Guidance.

Legislative history

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