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. § 203.342

Mortgage modification

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If a mortgage is recast pursuant to § 203.616, the principal amount of the mortgage, as modified, shall be considered to be the “original principal balance of the mortgage” as that term is used in § 203.401.

[62 FR 60129, Nov. 6, 1997]
Notes of Decisions
Cited in 1 case, 1974–1974 · 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). “9 at 18; 24 C.F.R. 203.342. (d) Assignment of Mortgage to FHA: “Since approved mortgagees are required to service their insured mortgage accounts in accordance with the accepted practices of prudent lending institutions, there should be few instances in which the lender is…”
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