24 CFR § 203.616 - Mortgage modification.
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§ 203.616 Mortgage modification.
Link to an amendment published at 88 FR 14259, Mar. 8, 2023.
The mortgagee may modify a mortgage for the purpose of changing the amortization provisions by recasting the total unpaid amount due for a term not exceeding 360 months. The mortgagee must notify HUD of such modification in a format prescribed by HUD within 30 days of the execution of the modification agreement.
[62 FR 60130, Nov. 6, 1997]