---
kind: "section"
citation: "24 C.F.R. § 401.552"
title: "24"
number: "401.552"
heading: "Servicing of second mortgage."
url: "https://uscodex.org/cfr/24/401.552"
---

# §401.552. Servicing of second mortgage.


HUD or its designee will be responsible for servicing the second mortgage, including determining the amounts receivable by the owner under [§ 401.461(b)(3)(ii)(A)](/cfr/24/401.461.md?p=b-3-ii-A). HUD may designate the PAE, with the PAE's consent, as servicer for the second mortgage.


## Notes

### Authority

Authority: 12 U.S.C. 1715z-1 and 1735f-19(b); 42 U.S.C. 1437(c)(8), 1437f(t), 1437f note, and 3535(d).

### Source

Source: 65 FR 15485, Mar. 22, 2000, unless otherwise noted.