24 CFR 220.811 - Date of default.

§ 220.811 Date of default.
For the purposes of §§ 220.800 et seq., the date of default shall be considered as:
(a) The date of the first uncorrected failure to perform a covenant or obligation under the note or security instrument; or
(b) The date of the first failure to make a monthly payment which subsequent payments by the borrower are insufficient to cover when applied to the overdue monthly payments in the order in which they became due.

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.

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