1、252 24 CFR Ch. II (4111 Edition) 203.680 (b) HUD will notify the occupant to vacate the property and, if necessary, will take appropriate eviction action in any of the following situations: (1) Failure of the occupant to execute the lease required by 203.674 (a)(2) and (b)(2), or failure to pay the
2、rental amount required, including the initial payment at the time of execution of the lease, or to comply with the terms of the lease; (2) Failure of the occupant to allow access to the property upon request in accordance with 203.674 (a)(4) and (b)(5); (3) Necessity to prepare the property for sale
3、 or (4) Assignment of the property by the Secretary to a different use or pro-gram. 53 FR 876, Jan. 14, 1988, and 53 FR 8626, Mar. 16, 1988; 61 FR 36266, July 9, 1996 203.680 Approval of occupancy after conveyance. When an occupied property is con-veyed to HUD before HUD has had an opportunity to c
4、onsider continued oc-cupancy (e.g., where HUD has taken more than 90 days to make a final deci-sion on continued occupancy in accord-ance with 203.670(c), a determination regarding continued occupancy will be made in accordance with the condi-tions for the initial approval of occu-pied conveyance. A
5、ny such determina-tion shall be in accordance with HUDs obligations under the terms of any month-to-month lease that has been executed. 53 FR 876, Jan. 14, 1988, and 53 FR 8626, Mar. 16, 1988 203.681 Authority of HUD Field Of-fice Managers. Field Office Managers shall act for the Secretary in all ma
6、tters relating to assignment and occupied conveyance determinations. The decision of the Field Office Manager under 203.677 will be final and not be subject to fur-ther administrative review. 53 FR 876, Jan. 14, 1988, and 53 FR 8626, Mar. 16, 1988 PART 204COINSURANCE AUTHORITY: 12 U.S.C. 1715z9; 42
7、U.S.C. 3535(d). 204.1 Termination of program. Effective December 29, 1994, of final rule the authority to coinsure mort-gages under this part is terminated, ex-cept that the Department will honor legally binding and validly issued bor-rower approvals issued by lenders be-fore the termination date. T
8、his part 204, as it existed immediately before the termination date, will continue to govern the rights and obligations of co-insured lenders, mortgagors, and the Department of Housing and Urban De-velopment with respect to loans coin-sured under this part. 59 FR 39957, Aug. 5, 1994 PART 206HOME EQU
9、ITY CON-VERSION MORTGAGE INSUR-ANCE Subpart AGeneral Sec. 206.1 Purpose. 206.3 Definitions. 206.7 Effect of amendments. 206.8 Preemption. Subpart BEligibility; Endorsement 206.9 Eligible mortgagees. 206.13 Reserved 206.15 Insurance. ELIGIBLE MORTGAGES 206.17 General. 206.19 Payment options. 206.21 I
10、nterest rate. 206.23 Shared appreciation. 206.25 Calculation of payments. 206.26 Change in payment option. 206.27 Mortgage provisions. 206.29 Initial disbursement of mortgage pro-ceeds. 206.31 Allowable charges and fees. 206.32 No outstanding unpaid obligations. ELIGIBLE MORTGAGORS 206.33 Age of mor
11、tgagor. 206.35 Title held by mortgagor. 206.37 Credit standing. 206.39 Principal residence. 206.40 Disclosure and verification of Social Security and Employer Identification Numbers. 206.41 Counseling. VerDate Mar2010 10:21 May 10, 2011 Jkt 223078 PO 00000 Frm 00262 Fmt 8010 Sfmt 8010 Y:SGML223078.XXX 223078WReier-Aviles on DSKGBLS3C1PROD with CFRProvided by IHSNot for ResaleNo reproduction or networking permitted without license from IHS-,-,-
