24 C.F.R. § 290.18 Restrictions on sale to former mortgagors.
Title 24 - Housing and Urban Development
The defaulting mortgagor, or any principal, successor, affiliate, or assignee thereof, on the mortgage on the property at the time of the default resulting in acquisition of the property by HUD shall not be eligible to purchase the property. A “principal” and an “affiliate” are defined as provided at 24 CFR 24.105. [66 FR 35847, July 9, 2001]
Title 24: Housing and Urban Development
PART 290—DISPOSITION OF MULTIFAMILY PROJECTS AND SALE OF HUD-HELD MULTIFAMILY MORTGAGES
Subpart A—Disposition of Multifamily Projects
§ 290.18 Restrictions on sale to former mortgagors.
