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24 CFR 221.775

§ 221.775 Option period.

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

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24 CFR 221.775, § 221.775 Option period, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99951
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Full text

The mortgagee may exercise its option to assign within one year following the twentieth anniversary of the date the mortgage was finally endorsed for insurance.

Legislative history

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