HUD or its designee will be responsible for servicing the second mortgage, including determining the amounts receivable by the owner under § 401.461(b)(3)(ii)(A). HUD may designate the PAE, with the PAE's consent, as servicer for the second mortgage.
Cross-references to the CFR
401.461
24 C.F.R. § 401.552: Servicing of second mortgage. | Justis AI