24 C.F.R. § 236.260 Request by Commissioner for assignment of mortgage.
Title 24 - Housing and Urban Development
The mortgagee shall, when requested by the Commissioner, assign to the Commissioner a mortgage on which interest reduction payments are being made pursuant to the provisions of §236.501 et seq. If the mortgage is not in default when the Commissioner requests its assignment, the first day of the month following the Commissioner's request shall be considered the date of default.
Title 24: Housing and Urban Development
PART 236—MORTGAGE INSURANCE AND INTEREST REDUCTION PAYMENT FOR RENTAL PROJECTS
Subpart B—Contract Rights and Obligations for Mortgage Insurance
§ 236.260 Request by Commissioner for assignment of mortgage.
