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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
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SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
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Part 221 - Low Cost and Moderate Income Mortgage Insurance - Savings Clause |
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Subpart D - Contract Rights and Obligations - Moderate Income Projects |
§ 221.775 - Option period.
Latest version.
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§ 221.775 Option period.
The mortgagee may exercise its option to assign within one year following the twentieth anniversary of the date the mortgage was finally endorsed for insurance.