§221.775. Option period.
24 C.F.R. § 221.775
The mortgagee may exercise its option to assign within one year following the twentieth anniversary of the date the mortgage was finally endorsed for insurance.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1715b, 1715l, and 1735d; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24587, Dec. 22, 1971, unless otherwise noted.