Code of Federal Regulations · Section
§ 1005.837 — Payment Of Claim: Unpaid Principal Balance
24 C.F.R. § 1005.837
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HUD will pay a claim under § 1005.807(a) in the amount of the unpaid principal balance less all receipts for the sale or transfer of the property, if applicable, in accordance with the requirements of this subpart.
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