§ 236.260 - Request by Commissioner for assignment of mortgage.

Related Notices
- 2014-16631. Final rule. 2014-16631. Republic of Tunisia Loan Guarantees Issued Under the Further Continuing Appropriations Act, 2013-Standard Terms and Conditions

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The mortgagee shall, when requested by the Commissioner, assign to the Commissioner a mortgage on which interest reduction payments are being made pursuant to the provisions of § 236.501 et seq. If the mortgage is not in default when the Commissioner requests its assignment, the first day of the month following the Commissioner's request shall be considered the date of default.

                    
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