24 C.F.R. § 203.616

Mortgage modification.

Last amended: 2024Year: 2026Length: 67 wordsOfficial source

Cite as 24 C.F.R. § 203.616 (2026)

The mortgagee may modify a mortgage for the purpose of changing the amortization provisions by recasting the total unpaid amount due for a term not exceeding 480 months. The mortgagee must notify HUD of such modification in a format prescribed by HUD within 30 days of the execution of the modification agreement. [62 FR 60130, Nov. 6, 1997, as amended at 88 FR 14259, Mar. 8, 2023]
24 C.F.R. § 203.616: Mortgage modification. | Justis AI