24 CFR 234.262 - Exception to deed in lieu of foreclosure.

Regulations last checked for updates: May 03, 2025

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

View all text of Subpart B [§ 234.251 - § 234.285]

§ 234.262 - Exception to deed in lieu of foreclosure.

All of the provisions of § 203.357 of this chapter relating to acceptance of a deed in lieu of foreclosure shall apply to mortgages insured under this part only if the mortgagee establishes to the satisfaction of the Commissioner that there are no unpaid assessments owed the Association or Cooperative of Owners.

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

source: 36 FR 24628, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 234.262