24 CFR 203.431

§ 203.431 Sale of insured mortgage to approved mortgagee.

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

Cite this

Citation: 24 CFR 203.431, § 203.431 Sale of insured mortgage to approved mortgagee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99618
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Full text

An insured mortgage may be sold to another approved mortgagee. The seller shall notify HUD of the sale within 15 calendar days, on a form prescribed by HUD and acknowledged by the buyer.

Legislative history

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