24 C.F.R. § 886.314 Financial default.
Title 24 - Housing and Urban Development
In the event of a financial default under the project mortgage, HUD shall have the right to make subsequent housing assistance payments to the mortgagee until such time as the default is cured, or until some other time agreeable to the mortgagee and approved by HUD.
Title 24: Housing and Urban Development
PART 886—SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM—SPECIAL ALLOCATIONS
Subpart C—Section 8 Housing Assistance Program for the Disposition of HUD-Owned Projects
§ 886.314 Financial default.
