24 CFR §221.300 — Changes in the plan of apartment ownership
24 CFR §221.300, Changes in the plan of apartment ownership. An FHA single family program rule in Subpart B—Contract Rights and Obligations—Low Cost Homes of 24 CFR Part 221 (Low Cost and Moderate Income Mortgage Insurance—Savings Clause).
Verbatim regulatory text
Verbatim provisions from 24 CFR §221.300 — Changes in the plan of apartment ownership — 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 §221.300 — Changes in the plan of apartment ownership
The mortgagee shall notify the Commissioner of any changes in the plan of apartment ownership and in the administration of the property. Such notification shall be given either at the time of the conveyance of the property or at the time of the assignment of the mortgage. Any changes in such plan shall require approval by the Commissioner.
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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-221-300/
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