Code of Massachusetts Regulations
761 CMR - MASSACHUSETTS HOME MORTGAGE FINANCE AGENCY
Title 761 CMR 21.00 - Seller's Guide
Section 21.12 - Assumption
Universal Citation: 761 MA Code of Regs 761.21
Current through Register 1531, September 27, 2024
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.
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