Laws & Regs

24 CFR 203.432 and 24 CFR 203.502.

203.432 Effect of sale of insured mortgage.

When an insured mortgage is sold to another approved mortgagee, the buyer shall thereupon succeed to all the rights and become bound by all the obligations of the seller under the contract of insurance and the seller shall be released from its obligations under the contract, provided that the seller shall not be relieved of its obligation to pay mortgage insurance premiums until the notice required by § 203.431 is received by HUD.

[ 45 FR 27929, Apr. 25, 1980]

203.502 Responsibility for servicing.

(a) After January 10, 1994, servicing of insured mortgages must be performed by a mortgagee that is approved by HUD to service insured mortgages. The servicer must fully discharge the servicing responsibilities of the mortgagee as outlined in this part. The mortgagee shall remain fully responsible to the Secretary for proper servicing, and the actions of its servicer shall be considered to be the actions of the mortgagee. The servicer also shall be fully responsible to the Secretary for its actions as a servicer.

(b) Whenever servicing of any mortgage is transferred from one mortgagee or servicer to another, notice of the transfer of service shall be delivered:

(1) By the transferor mortgagee or servicer to the mortgagor. The notification shall be delivered not less than 15 days before the effective date of the transfer and shall contain the information required in § 3500.21(e)(2) of this title; and

(2) By the transferee mortgagee or servicer:

(i)To the mortgagor. The notification shall be delivered not less than 15 days before the effective date of the transfer and shall contain the information required in § 3500.21(e)(2) of this title; and

(ii)To the Secretary. This notification shall be delivered within 15 days of the transfer, in a format prescribed by the Secretary.

[ 36 FR 24508, Dec. 22, 1971, as amended at 57 FR 47974, Oct. 20, 1992; 57 FR 58349, Dec. 9, 1992; 59 FR 65448, Dec. 19, 1994; 61 FR 36266, July 9, 1996]

• PART 0 - STANDARDS OF CONDUCT (§ 0.1)

• PART 1 - NONDISCRIMINATION IN FEDERALLY ASSISTED PROGRAMS OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT - EFFECTUATION OF TITLE VI OF THE CIVIL RIGHTS ACT OF 1964 (§§ 1.1 - 1.10)

• PART 3 - NONDISCRIMINATION ON THE BASIS OF SEX IN EDUCATION PROGRAMS OR ACTIVITIES RECEIVING FEDERAL FINANCIAL ASSISTANCE (§§ 3.100 - 3.605)

• PART 4 - HUD REFORM ACT (§§ 4.1 - 4.38)

• PART 5 - GENERAL HUD PROGRAM REQUIREMENTS; WAIVERS (§§ 5.100 - 5.2011)

• PART 6 - NONDISCRIMINATION IN PROGRAMS AND ACTIVITIES RECEIVING ASSISTANCE UNDER TITLE I OF THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1974 (§§ 6.1 - 6.13)

• PART 8 - NONDISCRIMINATION BASED ON HANDICAP IN FEDERALLY ASSISTED PROGRAMS AND ACTIVITIES OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (§§ 8.1 - 8.58)

• PART 9 - ENFORCEMENT OF NONDISCRIMINATION ON THE BASIS OF DISABILITY IN PROGRAMS OR ACTIVITIES CONDUCTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (§§ 9.101 - 9.170)

• PART 10 - RULEMAKING: POLICY AND PROCEDURES (§§ 10.1 - 10.20)

• PART 13 - USE OF PENALTY MAIL IN THE LOCATION AND RECOVERY OF MISSING CHILDREN (§§ 13.1 - 13.4)

• PART 14 - IMPLEMENTATION OF THE EQUAL ACCESS TO JUSTICE ACT IN ADMINISTRATIVE PROCEEDINGS (§§ 14.50 - 14.345)

• PART 15 - PUBLIC ACCESS TO HUD RECORDS UNDER THE FREEDOM OF INFORMATION ACT AND TESTIMONY AND PRODUCTION OF INFORMATION BY HUD EMPLOYEES (§§ 15.1 - 15.305)

• PART 16 - IMPLEMENTATION OF THE PRIVACY ACT OF 1974 (§§ 16.1 - 16.15)

• PART 17 - ADMINISTRATIVE CLAIMS (§§ 17.1 - 17.113)

• PART 18 - INDEMNIFICATION OF HUD EMPLOYEES (§ 18.1)

• PART 20 - OFFICE OF HEARINGS AND APPEALS (§§ 20.1 - 20.5)

• PART 24 - GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT) (§ 24.1)

• PART 25 - MORTGAGEE REVIEW BOARD (§§ 25.1 - 25.17)

• PART 26 - HEARING PROCEDURES (§§ 26.1 - 26.56)

• PART 27 - NONJUDICIAL FORECLOSURE OF MULTIFAMILY AND SINGLE FAMILY MORTGAGES (§§ 27.1 - 27.123)

• PART 28 - IMPLEMENTATION OF THE PROGRAM FRAUD CIVIL REMEDIES ACT OF 1986 (§§ 28.1 - 28.45)

• PART 30 - CIVIL MONEY PENALTIES: CERTAIN PROHIBITED CONDUCT (§§ 30.1 - 30.100)

• PART 35 - LEAD-BASED PAINT POISONING PREVENTION IN CERTAIN RESIDENTIAL STRUCTURES (§§ 35.80 - 35.1355)

• PART 40 - ACCESSIBILITY STANDARDS FOR DESIGN, CONSTRUCTION, AND ALTERATION OF PUBLICLY OWNED RESIDENTIAL STRUCTURES (§§ 40.1 - 40.7)

• PART 41 - POLICIES AND PROCEDURES FOR THE ENFORCEMENT OF STANDARDS AND REQUIREMENTS FOR ACCESSIBILITY BY THE PHYSICALLY HANDICAPPED (§§ 41.1 - 41.6)

• PART 42 - DISPLACEMENT, RELOCATION ASSISTANCE, AND REAL PROPERTY ACQUISITION FOR HUD AND HUD-ASSISTED PROGRAMS (§§ 42.1 - 42.390)

• PARTS 43-45 [RESERVED]

• PART 50 - PROTECTION AND ENHANCEMENT OF ENVIRONMENTAL QUALITY (§§ 50.1 - 50.43)

• PART 51 - ENVIRONMENTAL CRITERIA AND STANDARDS (§§ 51.1 - 51.305)

• PART 52 - INTERGOVERNMENTAL REVIEW OF DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PROGRAMS AND ACTIVITIES (§§ 52.1 - 52.12)

• PART 55 - FLOODPLAIN MANAGEMENT AND PROTECTION OF WETLANDS (§§ 55.1 - 55.28)

• PART 58 - ENVIRONMENTAL REVIEW PROCEDURES FOR ENTITIES ASSUMING HUD ENVIRONMENTAL RESPONSIBILITIES (§§ 58.1 - 58.77)

• PART 60 - PROTECTION OF HUMAN SUBJECTS (§ 60.101)

• PART 70 - USE OF VOLUNTEERS ON PROJECTS SUBJECT TO DAVIS-BACON AND HUD-DETERMINED WAGE RATES (§§ 70.1 - 70.5)

• PART 81 - THE SECRETARY OF HUD'S REGULATION OF THE FEDERAL NATIONAL MORTGAGE ASSOCIATION (FANNIE MAE) AND THE FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC) (§§ 81.1 - 81.102)

• PART 84 - UNIFORM ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS (§ 84.1)

• PART 85 - ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND COOPERATIVE AGREEMENTS TO STATE, LOCAL AND FEDERALLY RECOGNIZED INDIAN TRIBAL GOVERNMENTS (§ 85.1)

• PART 87 - NEW RESTRICTIONS ON LOBBYING (§§ 87.100 - 87.605)

• PART 91 - CONSOLIDATED SUBMISSIONS FOR COMMUNITY PLANNING AND DEVELOPMENT PROGRAMS (§§ 91.1 - 91.600)

• PART 92 - HOME INVESTMENT PARTNERSHIPS PROGRAM (§§ 92.1 - 92.618)

• PART 93 - HOUSING TRUST FUND (§§ 93.1 - 93.453)

• PARTS 94-99 [RESERVED]

• PART

• Appendixes A-C to Subtitle A [Reserved

24 CFR Part 200 - INTRODUCTION TO FHA PROGRAMS

• § 200.1 Purpose.

• Subpart A - Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects (§§ 200.3 - 200.106)

• Subpart B - Electronic Submission of Required Data for Mortgage Defaults and Mortgage Insurance Claims for Insured Multifamily Mortgages (§§ 200.120 - 200.121)

• Subparts C-D [Reserved]

• Subpart E - Mortgage Insurance Procedures and Processing (§§ 200.145 - 200.162)

• Subpart F - Placement and Removal Procedures for Participation in FHA Programs (§§ 200.170 - 200.195)

• Subpart G - Appraiser Roster (§§ 200.200 - 200.206)

• Subpart H - Participation and Compliance Requirements (§§ 200.210 - 200.222)

• Subpart I - Nondiscrimination and Fair Housing (§ 200.300)

• Subpart J - Equal Employment Opportunity (§§ 200.400 - 200.430)

• Subparts K-L [Reserved]

• Subpart M - Affirmative Fair Housing Marketing Regulations (§§ 200.600 - 200.640)

• Subpart N [Reserved]

• Subpart O - Lead-Based Paint Poisoning Prevention (§§ 200.800 - 200.810)

• Subpart P - Physical Condition of Multifamily Properties (§§ 200.850 - 200.857)

• Subpart R [Reserved]

• Subpart S - Minimum Property Standards (§§ 200.925 - 200.955)

• Subpart T - Social Security Numbers and Employer Identification Numbers; Assistance Applicants and Participants (§ 200.1001)

• Subpart U - Social Security Numbers and Employer Identification Numbers; Applicants in Unassisted Programs (§ 200.1101)

• Subpart V - Income Information; Assistance Applicants and Participants (§ 200.1201)

• Subpart W - Administrative Matters (§§ 200.1301 - 200.1303)

• Subpart Y - Multifamily Accelerated Processing (MAP): MAP Lender Quality Assurance Enforcement (§§ 200.1500 - 200.1545)

• Appendix A to Part 200 - Standards Incorporated by Reference in the Minimum Property Standards for Housing (HUD Handbook 4910.1)

200.120 Purpose and applicability.

(a)Purpose. The purpose of this subpart B is to require mortgagees of all multifamily projects whose mortgages are insured or coinsured by HUD to submit electronically information regarding mortgage delinquencies, defaults, reinstatements, elections to assign, and withdrawals of assignment elections, and related information, as that information is required by 24 CFR part 207 and Form HUD-92426 (which is available at the Department of Housing and Urban Development, HUD Customer Service Center, 451 7th Street, SW, Room B-100, Washington, DC 20410; telephone (800) 767-7468).

• (b)Applicability. This subpart applies to all HUD multifamily mortgage insurance and coinsurance programs.

203.431 Sale of insured mortgage to approved mortgagee.

An insured mortgage may be sold to another approved mortgagee. The seller shall notify HUD of the sale within 15 calendar days, on a form prescribed by HUD and acknowledged by the buyer.

[ 45 FR 27929, Apr. 25, 1980]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

Hide United States Code

Hide U.S. Code: Title 12 - BANKS AND BANKING

§ 1709 - Insurance of mortgages

§ 1710 - Payment of insurance

§ 1715b - Rules and regulations

§ 1715u - Authority to assist mortgagors in default

§ 1715z-16

§ 1717z-21