---
kind: "section"
citation: "24 C.F.R. § 886.314"
title: "24"
number: "886.314"
heading: "Financial default."
url: "https://uscodex.org/cfr/24/886.314"
---

# §886.314. Financial default.


In the event of a financial default under the project mortgage, HUD shall have the right to make subsequent housing assistance payments to the mortgagee until such time as the default is cured, or until some other time agreeable to the mortgagee and approved by HUD.


## Notes

### Source

Source: 44 FR 70365, Dec. 6, 1979, unless otherwise noted.

### Authority

Authority: 42 U.S.C. 1437a, 1437c, 1437f, 3535(d), and 13611-13619.