§1005.815. Conditions for withdrawal of claim.

24 C.F.R. § 1005.815

With HUD's consent, a Holder may withdraw a claim. When HUD consent is granted, the Holder shall agree, where applicable, in writing that it will:

(a)

Accept a reconveyance of the property under a conveyance which warrants against the acts of HUD and all claiming by, through or under HUD;

(b)

Promptly file for record the reconveyance from HUD;

(c)

Accept without continuation, the title evidence which the Servicer furnished to HUD; and

(d)

Reimburse HUD for the expenditures and amounts set forth in § 1005.851.

Notes, amendments, and revision history

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

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