The HFA shall file an application for final settlement in accordance with the Commissioner's administrative procedures not later than 30 calendar days after any of the following:

1. (a) Sale of the property after foreclosure or after acquisition by deed-in-lieu of foreclosure; or
2. (b) Expiration of the term of the HFA debenture.

[59 FR 62524, Dec. 5, 1994, as amended at 85 FR 83445, Dec. 22, 2020]