24 C.F.R. § 203.432 Effect of sale of insured mortgage.
Title 24 - Housing and Urban Development
When an insured mortgage is sold to another approved mortgagee, the buyer shall thereupon succeed to all the rights and become bound by all the obligations of the seller under the contract of insurance and the seller shall be released from its obligations under the contract, provided that the seller shall not be relieved of its obligation to pay mortgage insurance premiums until the notice required by §203.431 is received by HUD. [45 FR 27929, Apr. 25, 1980]
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations
Sale, Assignment and Pledge of Insured Mortgage
§ 203.432 Effect of sale of insured mortgage.
