Code of Federal Regulations · Section
§ 36.4287 — Substitution Of Trustees
38 C.F.R. § 36.4287
View:
In jurisdictions in which valid, any deed of trust or mortgage securing a guaranteed loan, if it names trustees or confers a power of sale otherwise, shall contain a provision empowering any holder of the indebtedness to appoint substitute trustees or other person with such power to sell, who shall succeed to all the rights, powers, and duties of the trustees, or other person, originally designated.
Authorizing Statute
-
Loans to purchase manufactured homes and lots38 U.S.C. § 3712
-
Rules and regulations38 U.S.C. § 501