§ 203.412. Payment for foreclosure alternative actions.
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/us/cfr/t24/s§ 203.412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the conveyance, sale, or assignment requirements for payment of a claim elsewhere in this part, HUD may pay the mortgagee, in accordance with procedures prescribed by HUD, for the following foreclosure alternative actions, in such amounts as HUD determines:
(a)Assumptions under § 203.512;
(b)Special forbearance under §§ 203.471 and 203.614;
(c)Recasting or modification of defaulted mortgages under § 203.616, where the mortgagee is not reimbursed under § 203.405(a);
(d)Refinancing under § 203.43(c). \[61 FR 35019, July 3, 1996\]