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§ 1005.747 Assumption.

24 CFR 1005.747

Citation24 CFR 1005.747
CorpusDaily eCFR
Displayed edition2026-04-24
Last updated2026-04-24

§ 1005.747 Assumption.

The Servicer shall explore assumption as a loss mitigation option with the Borrower in accordance with § 1005.711. Assumptions associated with loss mitigation must result in the cure of the default and reinstatement of the Section 184 Guaranteed Loan.