24 CFR 221.775 - Option period.

Regulations last checked for updates: May 03, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart D [§ 221.751 - § 221.795]

§ 221.775 - Option period.

The mortgagee may exercise its option to assign within one year following the twentieth anniversary of the date the mortgage was finally endorsed for insurance.

authority: 12 U.S.C. 1715b,1715l,and; 42 U.S.C. 3535(d)

source: 36 FR 24587, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 221.775