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Code · CFR · Title 24 — Housing and Urban Development · Part 203 — Single Family Mortgage Insurance · § 203.500

§ 203.500. Mortgage servicing generally.

95 words·~1 min read·/us/cfr/t24/s§ 203.500·

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This subpart identifies servicing practices of lending institutions that HUD considers acceptable for mortgages insured by HUD. Failure to comply with this subpart shall not be a basis for denial of insurance benefits, but failure to comply will be cause for imposition of a civil money penalty, including a penalty under § 30.35(c)(2), or withdrawal of HUD's approval of a mortgagee. It is the intent of the Department that no mortgagee shall commence foreclosure or acquire title to a property until the requirements of this subpart have been followed. \[70 FR 21578, Apr. 26, 2005\]
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§ 203.500
Mortgage servicing generally.
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