24 C.F.R. § 811.106 Default under the contract.
Title 24 - Housing and Urban Development
If HUD finds there is a default under the Contract, the field office shall so notify the trustee and give the trustee a specified reasonable time to take action to require the owner to correct such default prior to any suspension or termination of payments under the contract. In the event of a default under the contract, HUD may terminate or suspend payments under the contract, may seek specific performance of the contract and may pursue other remedies. [44 FR 12360, Mar. 6, 1979, as amended at 61 FR 14461, Apr. 1, 1996]
Title 24: Housing and Urban Development
PART 811—TAX EXEMPTION OF OBLIGATIONS OF PUBLIC HOUSING AGENCIES AND RELATED AMENDMENTS
§ 811.106 Default under the contract.
