StacksVerified U.S. regulatory reference

24 CFR §1005.761

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Unless a Borrower has completed a pre-foreclosure sale or a deed-in-lieu of foreclosure in accordance with §§ 1005.753 and 1005.755, the Servicer must complete First Legal Action on the Section 184 Guaranteed Loan pursuant to § 1005.763.
  2. (b)Under limited circumstances, HUD may approve an assignment of a Section 184 Guaranteed Loan to HUD for fee simple land properties.