---
kind: "section"
citation: "24 C.F.R. § 290.33"
title: "24"
number: "290.33"
heading: "Sale of delinquent mortgages securing subsidized projects."
url: "https://uscodex.org/cfr/24/290.33"
---

# §290.33. Sale of delinquent mortgages securing subsidized projects.


Delinquent mortgages securing subsidized projects will be sold only if, as part of the sales transaction:

- (a) The mortgages are restructured; and
- (b) **Either FHA mortgage insurance or equivalent protections are provided.**

## Notes

### Authority

Authority: 12 U.S.C. 1701z-11, 1701z-12, 1713, 1715b, 1715z-1b, 1715z-11a; 42 U.S.C. 3535(d) and 3535(i).

### Source

Source: 61 FR 11685, Mar. 21, 1996, unless otherwise noted.