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 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE › Subpart B—Contract Rights and Obligations

24 C.F.R. § 207.256

Notice to the Commissioner of default

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(a) If a default as defined in § 207.255(a) or (b) is not cured within the grace period of 30 days provided under § 207.255(a)(3) or (b)(3), the mortgagee must, within 30 days after the date of the end of the grace period, notify the Commissioner of the default, in the manner prescribed in 24 CFR part 200, subpart B.

(b) The mortgagee must give notice to the Commissioner, in the manner prescribed in 24 CFR part 200, subpart B, of the mortgagor's violation of any covenant, whether or not the mortgagee has accelerated the debt.

[76 FR 24370, May 2, 2011]
Notes of Decisions
Cited in 1 case, 2004–2004 · leading case: Mostoller v. CWCapital, LLC, 117 F. App'x 425 (6th Cir. 2004).
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Mostoller v. CWCapital, LLC, 117 F. App'x 425 (6th Cir. 2004). · cites it 4× “24 C.F.R. § 207.256 (b). Therefore, doctrines of waiver and estoppel cannot modify the terms of a HUD-insured loan.”
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