24 C.F.R. § 200.120
§ 200.120 Purpose and applicability. (24 CFR Part 200)
Operative Text
(a) Purpose. The purpose of this subpart B is to require mortgagees of all multifamily projects whose mortgages are insured or coinsured by HUD to submit electronically information regarding mortgage delinquencies, defaults, reinstatements, elections to assign, and withdrawals of assignment elections, and related information, as that information is required by 24 CFR part 207 and Form HUD-92426 (which is available at the Department of Housing and Urban Development, HUD Customer Service Center, 451 7th Street, SW, Room B-100, Washington, DC 20410; telephone (800) 767-7468). (b) Applicability. This subpart applies to all HUD multifamily mortgage insurance and coinsurance programs.
Section 200.120 establishes the foundation for a federal reporting framework that applies to lenders holding HUD-insured or HUD-coinsured mortgages on multifamily housing projects. Under this provision, those lenders are required to submit electronic reports covering mortgage delinquencies, defaults, reinstatements, and related assignment activity. The rule applies broadly across all HUD multifamily mortgage insurance and coinsurance programs, meaning no such program is exempt from these reporting obligations.
Plain English — not legal advice.
Property owners and managers of HUD-insured or HUD-coinsured multifamily projects should be aware that under 24 CFR Part 200 § 200.120, their mortgagee — the lender holding the insured loan — carries specific electronic reporting duties tied to the loan's performance status. Compliant lenders generally maintain systems to track and report delinquency, default, reinstatement, and assignment-election events in accordance with 24 CFR Part 207 and Form HUD-92426. Owners benefit from understanding these obligations because a lender's reporting activity can affect how HUD monitors and responds to a project's financial condition.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For tenants living in HUD-insured or HUD-coinsured multifamily housing, § 200.120 is part of a broader federal oversight structure that tracks whether the mortgage on their building is in financial distress. When a mortgage enters delinquency or default, the reporting requirements under this provision help HUD stay informed about the project's status, which can be relevant to housing stability. Tenants who have concerns about their building's financial condition or potential ownership changes may find it useful to contact a local tenant-rights organization or HUD's customer service line for general information about how multifamily mortgage oversight works.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 4, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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