24 CFR 27.5

§ 27.5 Prerequisites to foreclosure.

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

Cite this

Citation: 24 CFR 27.5, § 27.5 Prerequisites to foreclosure, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/98198
Permanent ID: ys:prov:98198@1
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Full text

Before commencement of a foreclosure under the Act and this subpart, HUD will provide to the mortgagor an opportunity informally to present reasons why the mortgage should not be foreclosed. Such opportunity may be provided before or after the designation of the foreclosure commissioner but before service of the notice of default and foreclosure.

Legislative history

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