---
kind: "section"
citation: "24 C.F.R. § 203.412"
title: "24"
number: "203.412"
heading: "Payment for foreclosure alternative actions."
url: "https://uscodex.org/cfr/24/203.412"
---

# §203.412. Payment for foreclosure alternative actions.


Notwithstanding the conveyance, sale, or assignment requirements for payment of a claim elsewhere in this part, HUD may pay the mortgagee, in accordance with procedures prescribed by HUD, for the following foreclosure alternative actions, in such amounts as HUD determines:

- (a) Assumptions under [§ 203.512](/cfr/24/203.512.md);
- (b) Special forbearance under §§ [203.471](/cfr/24/203.471.md) and [203.614](/cfr/24/203.614.md);
- (c) Recasting or modification of defaulted mortgages under [§ 203.616](/cfr/24/203.616.md), where the mortgagee is not reimbursed under [§ 203.405(a)](/cfr/24/203.405.md?p=a);
- (d) Refinancing under [§ 203.43(c)](/cfr/24/203.43.md?p=c).

## Notes

### Amendments

[61 FR 35019, July 3, 1996]

### Authority

Authority: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16, 1715u, and 1715z-21; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.

### Amendments

[61 FR 35019, July 3, 1996]