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e-CFR data is current as of November 30, 2020

Title 24Subtitle BChapter IISubchapter IPart 290Subpart A → §290.18


Title 24: Housing and Urban Development
PART 290—DISPOSITION OF MULTIFAMILY PROJECTS AND SALE OF HUD-HELD MULTIFAMILY MORTGAGES
Subpart A—Disposition of Multifamily Projects


§290.18   Restrictions on sale to former mortgagors.

The defaulting mortgagor, or any principal, successor, affiliate, or assignee thereof, on the mortgage on the property at the time of the default resulting in acquisition of the property by HUD shall not be eligible to purchase the property. A “principal” and an “affiliate” are defined as provided at 24 CFR 24.105.

[66 FR 35847, July 9, 2001]

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