24 C.F.R. § 203.616 Mortgage modification.
Title 24 - Housing and Urban Development
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 360 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. [62 FR 60130, Nov. 6, 1997]
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart C—Servicing Responsibilities
Mortgagee Action and Forbearance
§ 203.616 Mortgage modification.
