24 CFR 203.438 - Mortgages on Indian land insured pursuant to section 248 of the National Housing Act.

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§ 203.438 Mortgages on Indian land insured pursuant to section 248 of the National Housing Act.
(a) Exemptions. The provisions of § 203.366 shall not apply to mortgages insured pursuant to section 248 of the National Housing Act.
(b) Claim procedure. In addition to other actions which the mortgagee may take pursuant to this subpart in order to receive insurance benefits, a mortgagee shall be entitled to receive such benefits on a mortgage insured under § 203.43h when (1) the mortgagor is more than 90 days in default; (2) the mortgagee has submitted appropriate documentation to the Secretary in accordance with § 203.350(b); and (3) the Secretary has approved the assignment of the mortgage.
(c) Foreclosure by HUD. HUD may initiate foreclosure proceedings with respect to any mortgage acquired under this section in a tribal court, a court of competent jurisdiction or Federal district court. If the mortgagor remains on the property following foreclosure, HUD may seek an eviction order from the court hearing the foreclosure action.
[51 FR 21872, June 16, 1986, as amended at 61 FR 35019, July 3, 1996]

Title 24 published on 2014-04-01

The following are only the Rules published in the Federal Register after the published date of Title 24.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2014-08-26; vol. 79 # 165 - Tuesday, August 26, 2014
    1. 79 FR 50835 - Federal Housing Administration (FHA): Handling Prepayments: Eliminating Post-Payment Interest Charges
      GPO FDSys XML | Text
      DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, HUD, Office of the Assistant Secretary for Housing-Federal Housing Commissioner
      Final rule.
      Effective Date: January 21, 2015.
      24 CFR Part 203

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United States Code

Title 24 published on 2014-04-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 24 CFR 203 after this date.

  • 2014-08-26; vol. 79 # 165 - Tuesday, August 26, 2014
    1. 79 FR 50835 - Federal Housing Administration (FHA): Handling Prepayments: Eliminating Post-Payment Interest Charges
      GPO FDSys XML | Text
      DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, HUD, Office of the Assistant Secretary for Housing-Federal Housing Commissioner
      Final rule.
      Effective Date: January 21, 2015.
      24 CFR Part 203