24 C.F.R. § 1005.747

Assumption.

Last amended: 2024Year: 2026Length: 39 wordsOfficial source

Cite as 24 C.F.R. § 1005.747 (2026)

The Servicer shall explore assumption as a loss mitigation option with the Borrower in accordance with § 1005.711. Assumptions associated with loss mitigation must result in the cure of the default and reinstatement of the Section 184 Guaranteed Loan.
Cross-references to the CFR
1005.711.
24 C.F.R. § 1005.747: Assumption. | Justis AI