{"data":{"id":"us/24-cfr-241.850","jurisdiction":"us","citation":"24 CFR 241.850","heading":"Notice of default.","body":"(a) If the default is not cured within the 30 day grace period, as defined in § 241.530(d), the lender shall, within 30 days thereafter, notify the Commissioner in writing of such default.\n(b) The lender shall give notice in writing to the Commissioner of the failure of the borrower to comply with any covenant or obligation under the security instrument or note regardless of the fact that the lender may not have elected to accelerate the debt.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES","PART 241—SUPPLEMENTARY FINANCING FOR INSURED PROJECT MORTGAGES","Subpart D—Contract Rights and Obligations—Multifamily Projects Without a HUD-Insured or HUD-Held Mortgage"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"f1e2874d0ea246c11feb58ab2e1828f22342ba656afc72049f64c1efb80a01ad","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-241.840","next":"us/24-cfr-241.860"},"notice":"GroundRules: Original legal text. Not legal advice."}