Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
Part 236 - Mortgage Insurance and Interest Reduction Payment for Rental Projects |
Subpart C - Interest Reduction Payments |
§ 236.535 - Effect of assignment of mortgage.
Latest version.
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§ 236.535 Effect of assignment of mortgage.
In the event a mortgage subject to interest reduction payments is assigned to another approved mortgagee, the assignee shall thereupon succeed to all the rights and obligations of the assignor under the interest reduction contract.