24 CFR 203.616 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 200.1 To Parts 403-499) — Regulations Relating To Housing And Urban Development (Continued) (§ 200.1 To Parts 403-499) — Office Of Assistant Secretary For Housing - Federal Housing Commissioner, Department Of Housing And Urban Development (§ 200.1 To Parts 292-299) — Mortgage And Loan Insurance Programs Under National Housing Act And Other Authorities (§ 201.1 To § 267.22) — Single Family Mortgage Insurance (§ 203.1 To § 203.681) — Servicing Responsibilities (§ 203.500 To § 203.681) — Mortgagee Action And Forbearance (§ 203.600 To § 203.616) — Mortgage modification.

4 Aug 2016

The mortgagee may modify a mortgage for the purpose of changing the amortization provisions by recasting the total unpaid amount due for a term not exceeding 360 months. The mortgagee must notify HUD of such modification in a format prescribed by HUD within 30 days of the execution of the modification agreement.

24 CFR 203.616

[62 FR 60130, Nov. 6, 1997]