§ 886.314. Financial default.
46 words·~1 min read·
/us/cfr/t24/s§ 886.314·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the event of a financial default under the project mortgage, HUD shall have the right to make subsequent housing assistance payments to the mortgagee until such time as the default is cured, or until some other time agreeable to the mortgagee and approved by HUD.