24 CFR 206.136
§ 206.136 Conditions for assignment.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 206.136, § 206.136 Conditions for assignment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99763
- Permanent ID
ys:prov:99763@1- SHA-256
dcca672ca4c2db9d065498176f7ebd9c51a592a796daf9d3aae2a0df90f6b703
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) In order for a HECM to be eligible for assignment, the following must be met:
(1) Priority of mortgage to liens. The mortgage is prior to all mechanics' and materialmen's liens, regardless of when such liens attach, and prior to all liens and encumbrances, or defects which may arise based on any act or omission by the mortgagee except such liens or other matters as may have been approved by the Commissioner.
(2) Amount due. The amount stated in the instrument of assignment is actually due and owing under the mortgage.
(3) Offsets or counterclaims. There are no offsets or counterclaims thereto and the mortgagee has a good right to assign.
(b) The mortgagee shall certify that the conditions of paragraph (a) have been met.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.