When the Board issues a notice of violation that could lead to withdrawal of a mortgagee‘s approval, or is notified by GNMA of an action that could lead to withdrawal of GNMA approval, the Board shall proceed in accordance with 12 U.S.C. § 1708(d).

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Terms Used In 24 CFR 25.13

  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.

(Approved by the Office of Management and Budget under Control Number 2502-0450)[61 FR 685, Jan. 9, 1996]

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