24 CFR § 248.307 - Authority to process and approve notices of intent and plans of action.

---
identifier: "/us/cfr/t24/s248.307"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 248.307 - Authority to process and approve notices of intent and plans of action."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "248.307"
section_name: "Authority to process and approve notices of intent and plans of action."
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: "248"
part_name: "PREPAYMENT OF LOW INCOME HOUSING MORTGAGES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 17151 note, 4101 note, and 4101-4124; 42 U.S.C. 3535(d)."
cfr_part: "248"
---


# 248.307 Authority to process and approve notices of intent and plans of action.

(a) *Delegation of authority.* State agencies which regulate or otherwise supervise owners of projects with State assisted or subsidized mortgages shall have the authority, reserved to the Commissioner under subpart B of this part, to process and approve all notices of intent and plans of action submitted to the State agency or local housing authority under subpart D of this part. State agencies may redelegate such authority to local housing authorities at their discretion.

(b) *Designation of processing agency.* The Executive Director of the State agency whose State assisted or subsidized mortgage program has been approved under § 248.303 shall inform all owners of projects with State assisted or subsidized mortgages that the State agency or a designated local housing authority shall accept and process notices of intent and plans of action.