# 24 C.F.R. § 203.670 (2026): Conveyance of occupied property

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_670

## Section

- **Citation:** 24 C.F.R. § 203.670 (2026)
- **Heading:** Conveyance of occupied property
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 24 CFR: Housing and Urban Development / Chapter II: OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT / Part 203: SINGLE FAMILY MORTGAGE INSURANCE / Subpart C: Servicing Responsibilities / § 203.670: § 203.670   Conveyance of occupied property.

## Text

(a) It is HUD's policy to reduce the inventory of acquired properties in a manner that expands homeownership opportunities, strengthens neighborhoods and communities, and ensures a maximum return to the mortgage insurance fund.
(b) The Secretary will accept conveyance of an occupied property containing one to four residential units if the Secretary finds that:
(1) An individual residing in the property suffers from a temporary, permanent, or long-term illness or injury that would be aggravated by the process of moving from the property, and that the individual meets the eligibility criteria in § 203.674(a);
(2) State or local law prohibits the mortgagee from evicting a tenant residing in the property who is making regular monthly payments to the mortgagor, or prohibits eviction for other similar reasons beyond the control of the mortgagee; or
(3) It is in the Secretary's interest to accept conveyance of the property occupied under § 203.671, the property is habitable as defined in § 203.673, and, except for conveyances under § 203.671(d), each occupant who intends to remain in the property after the conveyance meets the eligibility criteria in § 203.674(b).
(c) HUD consents to accept good marketable title to occupied property where 90 days have elapsed since the mortgagee notified HUD of pending acquisition, the Department has notified the mortgagee that it was considering a request for continued occupancy, and no subsequent notification from HUD has been received by the mortgagee.
[53 FR 874, Jan. 14, 1988, as amended at 56 FR 46967, Sept. 16, 1991; 58 FR 54246, Oct. 20, 1993; 61 FR 36266, July 9, 1996]

## Nearby sections

- [24 C.F.R. § 203.500 (2026) § 203.500   Mortgage servicing generally.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_500.md)
- [24 C.F.R. § 203.501 (2026) § 203.501   Loss mitigation.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_501.md)
- [24 C.F.R. § 203.502 (2026) § 203.502   Responsibility for servicing.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_502.md)
- [24 C.F.R. § 203.508 (2026) § 203.508   Providing information.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_508.md)
- [24 C.F.R. § 203.510 (2026) § 203.510   Release of personal liability.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_510.md)
- [24 C.F.R. § 203.512 (2026) § 203.512   Free assumability; exceptions.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_512.md)
- [24 C.F.R. § 203.550 (2026) § 203.550   Escrow accounts.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_550.md)
- [24 C.F.R. § 203.552 (2026) § 203.552   Fees and charges after endorsement.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_552.md)
- [24 C.F.R. § 203.554 (2026) § 203.554   Enforcement of late charges.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_554.md)
- [24 C.F.R. § 203.556 (2026) § 203.556   Return of partial payments.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_556.md)
- [24 C.F.R. § 203.558 (2026) § 203.558   Handling prepayments.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_558.md)
- [24 C.F.R. § 203.600 (2026) § 203.600   Mortgage collection action.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_600.md)
- [24 C.F.R. § 203.602 (2026) § 203.602   Delinquency notice to mortgagor.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_602.md)
- [24 C.F.R. § 203.604 (2026) § 203.604   Contact with the mortgagor.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_604.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T24_P203_S203_670. Check the current official text before relying on it. Not legal advice.