---
kind: "section"
citation: "24 C.F.R. § 1005.847"
title: "24"
number: "1005.847"
heading: "Final payment."
url: "https://uscodex.org/cfr/24/1005.847"
---

# §1005.847. Final payment.

- (a) HUD's payment of a claim(s) shall be deemed as final payment to the Holder, notwithstanding the Holder's ability to present additional claim(s) in accordance with [§ 1005.807](/cfr/24/1005.807.md) as applicable. The Holder shall have no further rights against the Borrower or HUD when there is a final payment. This paragraph does not preclude HUD from seeking reimbursement of costs and return of amounts from the Holder or Originating Direct Guarantee Lender pursuant to §§ [1005.849](/cfr/24/1005.849.md) and [1005.851](/cfr/24/1005.851.md).
- (b) In cases where HUD reconveys the property to the Holder and HUD is reimbursed for all expenses and Holder returns all amounts pursuant to §§ [1005.849](/cfr/24/1005.849.md) and [1005.851](/cfr/24/1005.851.md), provisions under [paragraph (a)](#a) of this section shall not apply. However, the resubmission of the Claim, if any, shall be subject to [§ 1005.849(b)](/cfr/24/1005.849.md?p=b) and any additional processes as prescribed by [Section 184](/cfr/24/184.md) Program Guidance.

## 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.