24 C.F.R. § 200.121
§ 200.121 Requirements and effectiveness. (24 CFR Part 200)
Operative Text
(a) Multifamily mortgagees, which are required by 24 CFR part 207 to report mortgage delinquencies, defaults, reinstatements, assignment elections, withdrawals of assignment elections, and related information, must submit this information electronically, over the Internet, in accordance with the following schedule of effectiveness: (1) Mortgagees having 70 or more insured mortgage loans must comply with this section by no later than March 1, 1999; (2) Mortgagees having from 26 to 69 insured mortgage loans must comply with this section by no later than January 1, 2000; (3) Mortgagees having from 11 to 25 insured mortgage loans must comply with this section by no later than January 1, 2001; (4) Mortgagees having 10 or fewer insured mortgage loans must comply with this section by no later than January 1, 2002. (b) Exception. On or after January 1, 2002, mortgagees that hold or service fewer than 10 multifamily mortgages may continue to report mortgage delinquencies, defaults, reinstatements, assignment elections, withdrawals of assignment elections, and related information in writing on Form HUD-92426 only with specific HUD approval. HUD will grant such approval, upon application by the mortgagee, for reasons of hardship due to insufficient financial resources to purchase the required hardware and Internet access. (c) HUD will not accept reports of information regarding defaults, reinstatements, assignment elections, and related information in a manner that is not in accordance with this section. Failure on the part of mortgagees to report this information as required by 24 CFR part 207 and this section may result in HUD's application of the sanctions and surcharges specified in 24 CFR part 207.
Under 24 CFR Part 200 § 200.121, multifamily mortgage lenders who are required to report loan delinquencies, defaults, reinstatements, and related events to HUD must do so electronically over the Internet. The rule established a phased compliance schedule based on the number of insured loans a lender held, with deadlines ranging from 1999 to 2002. A narrow exception allows lenders holding fewer than 10 multifamily mortgages to continue paper reporting on Form HUD-92426, but only with explicit HUD approval granted on the basis of financial hardship.
Plain English — not legal advice.
Property owners and investors who hold or service FHA-insured multifamily mortgage loans should be aware that 24 CFR Part 200 § 200.121 requires electronic Internet-based reporting of delinquency, default, reinstatement, and assignment-related data to HUD. Compliant operators ensure their reporting systems meet HUD's electronic submission standards, since HUD will not accept non-conforming reports. Lenders or servicers holding fewer than 10 multifamily mortgages who face genuine financial hardship in meeting the electronic requirement can apply to HUD for approval to continue using paper Form HUD-92426, though such approval is not automatic.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
While 24 CFR Part 200 § 200.121 primarily governs lender reporting obligations rather than tenant rights directly, the rule plays a background role in HUD's oversight of insured multifamily properties. When lenders fail to report delinquencies and defaults as required, HUD may apply sanctions under 24 CFR part 207, which is part of the broader federal framework meant to protect the stability of insured multifamily housing. Tenants living in HUD-insured multifamily properties who have concerns about their building's financial status or compliance may find it useful to consult a tenant-rights organization or contact their local HUD field office for information about how this oversight framework applies to their housing.
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.
Effective Timeline
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