§ 401.406. Execution of Restructuring Commitment.
50 words·~1 min read·
/us/cfr/t24/s§ 401.406·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When HUD approves the Restructuring Commitment, the PAE will deliver the Restructuring Commitment to the owner for execution. The Restructuring Commitment becomes binding upon execution by the owner. An owner who does not execute the Restructuring Commitment may appeal its terms and seek modification under subpart F of this part.