§ 290.33. Sale of delinquent mortgages securing subsidized projects.
32 words·~1 min read·
/us/cfr/t24/s§ 290.33·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Delinquent mortgages securing subsidized projects will be sold only if, as part of the sales transaction:
(a)The mortgages are restructured; and
(b)Either FHA mortgage insurance or equivalent protections are provided.