---
kind: "section"
citation: "7 C.F.R. § 3560.501"
title: "7"
number: "3560.501"
heading: "General."
url: "https://uscodex.org/cfr/7/3560.501"
---

# §3560.501. General.


This subpart contains Agency procedures and other policies related to the management and disposition of multi-family housing (MFH) projects in the Agency's inventory (Real Estate Owned (REO) property). Housing projects will not be accepted into the Agency's inventory unless one of the following has occurred:

- (a) The borrower has abandoned the housing project and the Agency has performed the required steps to take the housing project into custody.
- (b) The housing project title has been transferred to the Agency as a result of foreclosure, voluntary conveyance, redemption, or other action.

## Notes

### Authority

Authority: 42 U.S.C. 1480.

### Source

Source: 69 FR 69106, Nov. 26, 2004, unless otherwise noted.