---
kind: "section"
citation: "24 C.F.R. § 203.616"
title: "24"
number: "203.616"
heading: "Mortgage modification."
url: "https://uscodex.org/cfr/24/203.616"
---

# §203.616. Mortgage modification.


The mortgagee may modify a mortgage for the purpose of changing the amortization provisions by recasting the total unpaid amount due for a term not exceeding 480 months. The mortgagee must notify HUD of such modification in a format prescribed by HUD within 30 days of the execution of the modification agreement.


## Notes

### Amendments

[62 FR 60130, Nov. 6, 1997, as amended at 88 FR 14259, Mar. 8, 2023]

### Source

Source: 41 FR 49736, Nov. 10, 1976, unless otherwise noted.

### 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

[62 FR 60130, Nov. 6, 1997, as amended at 88 FR 14259, Mar. 8, 2023]