---
kind: "section"
citation: "24 C.F.R. § 1005.459"
title: "24"
number: "1005.459"
heading: "Loan submission to HUD for endorsement."
url: "https://uscodex.org/cfr/24/1005.459"
---

# §1005.459. Loan submission to HUD for endorsement.

- (a) **Deadline for submission.** Within 60 days after the date of closing the loan, a Direct Guarantee Lender must submit an endorsement case binder to HUD, in accordance with [§ 1005.503](/cfr/24/1005.503.md).
- (b) **Late submission.** If the endorsement case binder is submitted past 60 days, the Direct Guarantee Lender must include, as part of the case binder, a late endorsement request with supporting documentation, affirming:
  - (1) The loan is not currently in default;
  - (2) All escrow accounts for taxes, hazard insurance, and monthly Loan Guarantee Fees are current;
  - (3) Neither the Direct Guarantee Lender nor Servicer provided the funds to bring or keep the loan current or to bring about the appearance of acceptable payment history; and
  - (4) Notwithstanding [paragraph (b)(3)](#b-3) of this section, with prior approval from HUD, Direct Guarantee Lender or Servicer may provide funds to bring or keep the loan current.

## Notes

### Authority

Authority: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.