§213.265. Modifications and consolidations.
24 C.F.R. § 213.265
Where a mortgage covering an investor sponsored project is modified and consolidated with the mortgage of a purchasing nonprofit cooperative housing corporation or trust, it shall be deemed to be paid in full as of the date of such modification and consolidation.
Notes, amendments, and revision history
Amendments
[37 FR 8662, Apr. 29, 1972]
Authority
Authority: 12 U.S.C. 1715b, 1715e; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24553, Dec. 22, 1971, unless otherwise noted.
Amendments
[37 FR 8662, Apr. 29, 1972]