Code of Federal Regulations · Section
§ 401.552 — Servicing Of Second Mortgage
24 C.F.R. § 401.552
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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.
Authorizing Statute
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Declaration of policy and public housing agency organization42 U.S.C. § 1437