StacksVerified U.S. regulatory reference

24 CFR §401.406

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
When HUD approves the Restructuring Commitment, the PAE will deliver the Restructuring Commitment to the owner for execution. The Restructuring Commitment becomes binding upon execution by the owner. An owner who does not execute the Restructuring Commitment may appeal its terms and seek modification under subpart F of this part.