Statutes, codes, and regulations
Code of Federal Regulations
Title 24 - HOUSING AND URBAN DEVELOPMENTSubtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENTChapter II - OFFICE OF ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTSubchapter I - HUD-OWNED PROPERTIESPart 290 - DISPOSITION OF MULTIFAMILY PROJECTS AND SALE OF HUD-HELD MULTIFAMILY MORTGAGES
Subpart A - DISPOSITION OF MULTIFAMILY PROJECTS
Section 290.18 - Restrictions on sale to former mortgagors

24 C.F.R. § 290.18

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Current through November 30, 2024
Section 290.18 - Restrictions on sale to former mortgagors

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 .

24 C.F.R. §290.18

66 FR 35847 , July 9, 2001