[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR884.119]



[Page 120]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

  CHAPTER VIII--OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL 

 

PART 884_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM, NEW CONSTRUCTION 

SET-ASIDE FOR SECTION 515 RURAL RENTAL HOUSING PROJECTS--Table of Contents

 

            Subpart A_Applicability, Scope and Basic Policies

 

Sec.  884.119  Responsibility for contract administration and defaults 

(private-owner and PHA-owner projects).



    (a) Contract administration. HUD is responsible for administration 

of the Contract. HUD may contract with another entity for the 

performance of some or all of its Contract administration functions.

    (b) Defaults by owner. The Contract shall contain a provision to the 

effect (1) that if HUD determines that the Owner is in default under the 

Contract, HUD shall notify the Owner (with a copy to RHCDS) of the 

actions required to be taken to cure the default and of the remedies to 

be applied by HUD including abatement of housing assistance payments and 

recovery of overpayments, where appropriate; and (2) that if he fails to 

cure the default, HUD has the right to terminate the Contract or to take 

other corrective action.



[41 FR 47168, Oct. 27, 1976, as amended at 61 FR 13593, Mar. 27, 1996]