§ 242.69. Transfer fee.
55 words·~1 min read·
/us/cfr/t24/s§ 242.69·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon application for review of a transfer of physical assets or the substitution of mortgagors, a transfer fee of 50 cents per thousand dollars of the outstanding principal balance of the mortgage shall be paid to HUD. A transfer fee is not required if both parties to the transfer transaction are not-for-profit or public organizations.