The mortgagee may modify a mortgage for the purpose of changing the amortization provisions by recasting the total unpaid amount due for a term not exceeding 360 months. The mortgagee must notify HUD of such modification in a format prescribed by HUD within 30 days of the execution of the modification agreement. [62 FR 60130, Nov. 6, 1997]
Mortgages in Default on Property Located on Indian Reservations