24 C.F.R. § 1005.839

Current through October 31, 2024

Section 1005.839 - Payment of claim: interest on unpaid principal balance

HUD shall pay interest on the unpaid principal balance from the date of default to the earlier of the following:

(a) The execution of deed-in-lieu/lease-in-lieu of foreclosure;

(b) The execution of the conveyance to either Holder, HUD or a third-party;

(c) The execution of the assignment of the Section 184 Guaranteed Loan to HUD;

(d) The expiration of the reasonable diligence timeframe; or

(e) Other event as prescribed by Section 184 Program Guidance.

24 C.F.R. §1005.839

89 FR 20056 , 6/18/2024