24 CFR 203.616

§ 203.616 Mortgage modification.

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

Cite this

Citation: 24 CFR 203.616, § 203.616 Mortgage modification, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99684
Permanent ID: ys:prov:99684@1
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Full text

The mortgagee may modify a mortgage for the purpose of changing the amortization provisions by recasting the total unpaid amount due for a term not exceeding 480 months. The mortgagee must notify HUD of such modification in a format prescribed by HUD within 30 days of the execution of the modification agreement.

Legislative history

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