C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 203—SINGLE FAMILY MORTGAGE INSURANCE › Subpart B—Contract Rights and Obligations

24 C.F.R. § 203.340

Special forbearance

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(a) If the conditions of § 203.614 are met and special forbearance relief is granted pursuant to that section, the contract of insurance shall continue in force except as otherwise provided in this subpart.

(b) The contract of insurance shall continue in force, except as otherwise provided in this subpart, when the conditions of this section which were effective prior to January 1, 1977, have been met and special forbearance relief is granted pursuant thereto prior to January 1, 1977.

[41 FR 49735, Nov. 10, 1976]
Notes of Decisions
Cited in 6 cases, 1974–1995 · leading case: Brown v. Lynn, 385 F. Supp. 986 (N.D. Ill. 1974).
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Brown v. Lynn, 385 F. Supp. 986 (N.D. Ill. 1974). · cites it 2× “17; 24 C.F.R. 203.340. (c) Recasting of Mortgage: “In addition to the Special Forbearance Relief afforded in 24 C.”
United States v. Am. Nat'l Bank & Trust Co. of Chicago, 443 F. Supp. 167 (N.D. Ill. 1977). “Although the major part of that counterclaim is concerned with laying the onus of default at the door of SCA (and, vicariously, HUD as well) and therefore fails to state a claim, Curtis-Dodd has also alleged that HUD has refused to avoid foreclosure by considering a…”
Gov't Nat'l Mortg. Ass'n v. Screen, 85 Misc. 2d 86 (N.Y. Sup. Ct. 1976). “The thrust of the defense is the alleged failure of plaintiff to comply with certain HUD regulations (24 CFR 203.340, 203.342; HUD Handbook FHA 4191.”
Fed. Nat'l Mortg. Ass'n v. Ricks, 83 Misc. 2d 814 (N.Y. Sup. Ct. 1975). “The HUD regulations also provide for forbearance relief in the event of the mortgagor’s default (24 CFR 203.340, 203.342). *825 While these provisions of the Act and the regulations are not couched in mandatory terms (Brown v Lynn, 385 F Supp 986, 997 , supra), their intent is…”
Roberts v. Cameron-Brown Co., 410 F. Supp. 988 (S.D. Ga. 1975). “To quote from 24 C.F.R. § 203.340 (b)(1), “. . . forbearance relief may be granted by the mortgagee, without prior approval of the Commissioner, .”
In re Capital West Investors, 178 B.R. 824 (Bankr. N.D. Cal. 1995). “at 175 ; see also 24 C.F.R. §§ 203.340 , 203.342 and 207.256(b) (1994).”
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