1. Regulations
  2. title 24
  3. chapter II
  4. part 236
  5. subpart C
  6. § 236.535

View all text of Subpart C [§ 236.501 - § 236.599]

§ 236.535 - Effect of assignment of mortgage.

In the event a mortgage subject to interest reduction payments is assigned to another approved mortgagee, the assignee shall thereupon succeed to all the rights and obligations of the assignor under the interest reduction contract.

AUTHORITY: 12 U.S.C. 1715b, 1715z-1, and 1735d; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24643, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 236.535