24 C.F.R. § 401.552 Servicing of second mortgage.
Title 24 - Housing and Urban Development
HUD or its designee will be responsible for servicing the second mortgage, including determining the amounts receivable by the owner under §401.461(b)(3)(ii)(A). HUD may designate the PAE, with the PAE's consent, as servicer for the second mortgage.
Title 24: Housing and Urban Development
PART 401—MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET)
Subpart D—Implementation of the Restructuring Plan After Closing
§ 401.552 Servicing of second mortgage.
