24 CFR §401.552
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
HUD or its designee will be responsible for servicing the second mortgage, including determining the amounts receivable by the owner under § 401.461(b)(3)(ii)(A). HUD may designate the PAE, with the PAE's consent, as servicer for the second mortgage.