24 CFR 886.314 - Financial default.

§ 886.314 Financial default.
In the event of a financial default under the project mortgage, HUD shall have the right to make subsequent housing assistance payments to the mortgagee until such time as the default is cured, or until some other time agreeable to the mortgagee and approved by HUD.

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.