24 C.F.R. § 811.106

Current through September 30, 2024
Section 811.106 - Default under the contract

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.

24 C.F.R. §811.106

44 FR 12360, Mar. 6, 1979, as amended at 61 FR 14461, Apr. 1, 1996