24 CFR § 201.61 - Claims against debtors—principal amount of debt.
---
identifier: "/us/cfr/t24/s201.61"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 201.61 - Claims against debtors—principal amount of debt."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "201.61"
section_name: "Claims against debtors—principal amount of debt."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "201"
part_name: "TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)."
regulatory_source: "50 FR 43523, Oct. 25, 1985, unless otherwise noted."
cfr_part: "201"
---
# 201.61 Claims against debtors—principal amount of debt.
(a) *Liability.* A debtor is liable to the Secretary for the principal amount of the debt, as described in paragraphs (b), (c), or (d) of this section, as appropriate.
(b) *Property improvement notes.* In the case of an assigned note for a property improvement loan, the principal amount of the debt is the unpaid amount of the loan obligation, as defined in § 201.55(a)(1) of this part, plus amounts described in §§ 201.55(a) (3), (4), (5).
(c) *Manufactured home notes.* In the case of an assigned note for a manufactured home loan, the principal amount of the debt is the unpaid amount of the loan obligation, as defined in § 201.55(b)(1) of this part, plus amounts described in §§ 201.55(b) (3) through (8).
(d) *Assigned judgments.* In the case of a judgment obtained by the lender on a property improvement loan or a manufactured home loan and assigned to the Secretary, the principal amount of the debt is the amount of the judgment.