WAIS Document Retrieval[Code of Federal Regulations]
[Title 24, Volume 2, Parts 200 to 499]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR203.360]

[Page 189]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
PART 203--SINGLE FAMILY MORTGAGE INSURANCE--Table of Contents
 
               Subpart B--Contract Rights and Obligations
 
Sec. 203.360  Notice of property transfer or pre-foreclosure sale and application for insurance benefits.

    (a) On the date the deed is filed for record the mortgagee shall 
notify the Commissioner on a form prescribed by him of the filing of 
such conveyance and shall assign, without recourse or warranty any or 
all claims which the mortgagee has acquired in connection with the 
mortgage transaction, and as a result of the foreclosure proceedings or 
other means by which the mortgagee acquired or conveyed such property, 
except such claims as may have been released with the approval of the 
Commissioner.
    (b) Within 30 days of the closing of an approved pre-foreclosure 
sale, the mortgagee shall notify the Commissioner on a form prescribed 
by him of the pre-foreclosure sale.

[36 FR 24508, Dec. 22, 1971, as amended at 59 FR 50144, Sept. 30, 1994]



