24 CFR §200.121 — Requirements and effectiveness

fha-24cfr-200-121

HUD / FHA Multifamily · a federal regulation, 24 CFR Part 200, Subpart B—Electronic Submission of Required Data for Mortgage Defaults and Mortgage Insurance Claims for Insured Multifamily Mortgages. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.

24 CFR §200.121, Requirements and effectiveness. An FHA multifamily program rule in Subpart B—Electronic Submission of Required Data for Mortgage Defaults and Mortgage Insurance Claims for Insured Multifamily Mortgages of 24 CFR Part 200 (Introduction to FHA Programs).

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Verbatim regulatory text (3)

Verbatim provisions from 24 CFR §200.121 — Requirements and effectiveness — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

24 CFR §200.121(a)

(a) Multifamily mortgagees, which are required by 24 CFR part 207 to report mortgage delinquencies, defaults, reinstatements, assignment elections, withdrawals of assignment elections, and related information, must submit this information electronically, over the Internet, in accordance with the following schedule of effectiveness: (1) Mortgagees having 70 or more insured mortgage loans must comply with this section by no later than March 1, 1999; (2) Mortgagees having from 26 to 69 insured mortgage loans must comply with this section by no later than January 1, 2000; (3) Mortgagees having from 11 to 25 insured mortgage loans must comply with this section by no later than January 1, 2001; (4) Mortgagees having 10 or fewer insured mortgage loans must comply with this section by no later than January 1, 2002.

Source: 24 CFR §200.121(a) · source URL · snapshot ef6e250b962b0abf

24 CFR §200.121(b)

(b) Exception. On or after January 1, 2002, mortgagees that hold or service fewer than 10 multifamily mortgages may continue to report mortgage delinquencies, defaults, reinstatements, assignment elections, withdrawals of assignment elections, and related information in writing on Form HUD-92426 only with specific HUD approval. HUD will grant such approval, upon application by the mortgagee, for reasons of hardship due to insufficient financial resources to purchase the required hardware and Internet access.

Source: 24 CFR §200.121(b) · source URL · snapshot ef6e250b962b0abf

24 CFR §200.121(c)

(c) HUD will not accept reports of information regarding defaults, reinstatements, assignment elections, and related information in a manner that is not in accordance with this section. Failure on the part of mortgagees to report this information as required by 24 CFR part 207 and this section may result in HUD's application of the sanctions and surcharges specified in 24 CFR part 207.

Source: 24 CFR §200.121(c) · source URL · snapshot ef6e250b962b0abf

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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-200-121/ · register fha-24cfr-200-121 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.