1. Regulations
  2. title 24
  3. chapter II
  4. part 266
  5. subpart G
  6. subjgrp 220
  7. § 266.640

View all text of Subjgrp 220 [§ 266.626 - § 266.658]

§ 266.640 - Foreclosure and acquisition.

The HFA is not required to foreclose the insured mortgage. It may accept a deed-in-lieu of foreclosure.

AUTHORITY: 12 U.S.C. 1715z-22.; 42 U.S.C. 3535(d).

SOURCE: 59 FR 62524, Dec. 5, 1994, unless otherwise noted.

CITE AS: 24 CFR 266.640