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PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE›Subpart D—Contract Rights and Obligations—Moderate Income Projects

§ 221.775 Option period.

24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing) · 2026 edition · updated 2026-07-29 · United States

The mortgagee may exercise its option to assign within one year following the twentieth anniversary of the date the mortgage was finally endorsed for insurance.

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▸ Contents — 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
  1. 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance…
  2. PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE
  3. ▸ PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVIN…
    Overview
    1. Subpart A—Eligibility Requirements—Low Cost Homes—Savings Clause
    2. Subpart B—Contract Rights and Obligations—Low Cost Homes
    3. Special Provisions Applicable Only to Mortgages Involving Cond…
    4. Subpart C—Eligibility Requirements—Moderate Income Projects
    5. ▸ Subpart D—Contract Rights and Obligations—Moderate Income Proj…
      Overview
      1. § 221.751 Cross-reference.
      2. § 221.753 Termination of mortgage insurance.
      3. § 221.755 Premiums first, second, third and operating loss loa…
      4. § 221.761 Forbearance relief.
      5. § 221.762 Payment of insurance benefits.
      6. § 221.763 Special insurance benefits—forbearance relief cases.
      7. § 221.770 Assignment option.
      8. § 221.775 Option period.
      9. § 221.780 Issuance of debentures.
      10. § 221.785 Date of maturity of debentures.
      11. § 221.790 Debenture interest rate.
      12. § 221.795 Displacement—below market interest rate mortgages.
    6. Subpart E—Servicing Responsibilities—Low Cost Homes

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