FHA Single Family Housing Policy Handbook 4000.1, Part III — 3. Programs and Products - COVID-19 HECM Property Charge Repayment Plan (04/29/2024)
FHA Single Family Housing Policy Handbook 4000.1, Part III — 3. Programs and Products - COVID-19 HECM Property Charge Repayment Plan (04/29/2024).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part III — 3. Programs and Products - COVID-19 HECM Property Charge Repayment Plan (04/29/2024) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part III — 3. Programs and Products - COVID-19 HECM Property Charge Repayment Plan (04/29/2024)
3. Programs and Products - COVID-19 HECM Property Charge Repayment Plan (04/29/2024) Handbook 4000.1 1530 Last Revised: 11/26/2025 may not be added to the HECM balance and must be paid from some other source of funds. Such reinstatement is solely at the election of the Mortgagee. The Mortgagee may refuse to reinstate the HECM and the MOE Assignment Deferral Period if: • the Mortgagee has accepted a reinstatement of either the MOE Assignment Deferral Period or HECM within the past two years immediately preceding the current notification to the Eligible Surviving NBS that the HECM is Due and Payable; • reinstatement of either the MOE Assignment Deferral Period or HECM will preclude foreclosure if the HECM becomes Due and Payable at a later date; or • reinstatement of either the MOE Assignment Deferral Period or HECM will adversely affect the priority of the HECM lien. vi. MOE Assignment Claim Payment A MOE Assignment claim will be calculated and paid in the same manner as a standard assignment claim.