24 CFR § 290.18 - Restrictions on sale to former mortgagors.

---
identifier: "/us/cfr/t24/s290.18"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 290.18 - Restrictions on sale to former mortgagors."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "290.18"
section_name: "Restrictions on sale to former mortgagors."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "I"
subchapter_name: "HUD-OWNED PROPERTIES"
part_number: "290"
part_name: "DISPOSITION OF MULTIFAMILY PROJECTS AND SALE OF HUD-HELD MULTIFAMILY MORTGAGES"
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. 1701z-11, 1701z-12, 1713, 1715b, 1715z-1b, 1715z-11a; 42 U.S.C. 3535(d) and 3535(i)."
regulatory_source: "61 FR 11685, Mar. 21, 1996, unless otherwise noted."
cfr_part: "290"
---


# 290.18 Restrictions on sale to former mortgagors.

The defaulting mortgagor, or any principal, successor, affiliate, or assignee thereof, on the mortgage on the property at the time of the default resulting in acquisition of the property by HUD shall not be eligible to purchase the property. A “principal” and an “affiliate” are defined as provided at 24 CFR 24.105.

[66 FR 35847, July 9, 2001]