1. Regulations
  2. title 24
  3. chapter II
  4. part 221
  5. subpart D
  6. § 221.775

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 1735d; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24587, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 221.775