Code of Federal Regulations · Section
§ 1005.815 — Conditions For Withdrawal Of Claim
24 C.F.R. § 1005.815
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With HUD's consent, a Holder may withdraw a claim. When HUD consent is granted, the Holder shall agree, where applicable, in writing that it will:
(a) Accept a reconveyance of the property under a conveyance which warrants against the acts of HUD and all claiming by, through or under HUD;
(b) Promptly file for record the reconveyance from HUD;
(c) Accept without continuation, the title evidence which the Servicer furnished to HUD; and
(d) Reimburse HUD for the expenditures and amounts set forth in § 1005.851.
Authorizing Statute
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Administrative provisions42 U.S.C. § 3535
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Minimum standards for residential mortgage loans15 U.S.C. § 1639c