Regulations last checked for updates: Nov 22, 2024

Title 24 - Housing and Urban Development last revised: Nov 13, 2024
All TitlesTitle 24Chapter IIPart 221Subpart D - Subpart D—Contract Rights and Obligations—Moderate Income Projects
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
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