§ 1980.367 - Unauthorized sale or transfer of the property.

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RHS consent is required to continue with the RHS guarantee in the event of a sale or transfer of the property in accordance with §1980.366. If the property is transferred without RHS consent, the Lender must take one of the following actions:
(a) Obtain RHS consent if the conditions of §1980.366 can be met;
(b) Satisfy the RHS guarantee and continue with the loan without the loan note guarantee; or
(c) Notify the borrower and the transferee of the default and service the loan in accordance with §1980.371.

                    
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