24 CFR § 266.636 - Insuring new loans for defaulted projects.

---
identifier: "/us/cfr/t24/s266.636"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 266.636 - Insuring new loans for defaulted projects."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "266.636"
section_name: "Insuring new loans for defaulted projects."
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: "266"
part_name: "HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT 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. 1715z-22.; 42 U.S.C. 3535(d)."
regulatory_source: "59 FR 62524, Dec. 5, 1994, unless otherwise noted."
cfr_part: "266"
---


# 266.636 Insuring new loans for defaulted projects.

The HFA may not make another loan that is insured under this part to the same owner in the same project if HUD has paid a claim under this part.