761 Mass. Reg. 21.12

Current through Register 1527, August 2, 2024
Section 21.12 - Assumption

The obligation to make payments due on any Mortgage Loan shall be assumable only with the consent of MHMFA or to the extent required by FHA or VA. Each Conventional Mortgage Loan shall contain a provision giving mortgagee the right to accelerate the maturity of the Mortgage Loan upon transfer of ownership of the property.

761 CMR 21.12