HUD or its designee will be responsible for servicing the second mortgage, including determining the amounts receivable by the owner under § 401.461(b)(3)(ii)(A). HUD may designate the PAE, with the PAE's consent, as servicer for the second mortgage.
source: 65 FR 15485, Mar. 22, 2000, unless otherwise noted.
cite as: 24 CFR 401.552