24 CFR 241.1235 - Cross default.

§ 241.1235 Cross default.
In the event the borrower commits a default under a prior recorded insured mortgage and the holder thereof initiates a foreclosure proceeding, said default under the prior recorded insured mortgage shall constitute a default under the equity or acquisition loan.

Title 24 published on 2013-04-01

no entries appear in the Federal Register after this date.

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