Title 24
SECTION 290.33
290.33 Sale of delinquent mortgages securing subsidized projects.
§ 290.33 Sale of delinquent mortgages securing subsidized projects.Delinquent mortgages securing subsidized projects will be sold only if, as part of the sales transaction:
(a) The mortgages are restructured; and
(b) Either FHA mortgage insurance or equivalent protections are provided.