24 CFR 203.439
§ 203.439 Mortgages on Hawaiian home lands insured pursuant to section 247 of the National Housing Act.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 203.439, § 203.439 Mortgages on Hawaiian home lands insured pursuant to section 247 of the National Housing Act, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99626
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Full text
(a) Exemptions. The provisions of §§ 203.351(a)(8), 203.353(a), and 203.368, do not apply to mortgages insured pursuant to section 247 of the National Housing Act.
(b) Claim procedure. Where the mortgage is 180 days or more in default, the mortgagee may assign the mortgage to the Secretary and file its claim for insurance benefits in accordance with the provisions of this subpart. No claim on an insured mortgage will be paid other than through assignment of the mortgage.
(c) Notice of delinquency. Once each month on a day prescribed by HUD, the mortgagee shall notify the Department of Hawaiian Home Lands of all mortgages insured pursuant to section 247 of the National Housing Act on leaseholds of Hawaiian home lands that are delinquent on the last day of the month, or that were reported as delinquent the previous month. The notice is in addition to the requirement in §§ 203.330 and 203.331.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.