Even before adopting the owed-on-sale controls, the fresh new Panel got interpreted 12 CFR 545
“17. Import of the home; Presumption. In the event that every otherwise one area of the Property or a destination therein is available or transmitted of the Debtor instead Lender’s past composed consent, excluding (a) the production of an excellent lien or encumbrance subordinate to this Action from Faith, (b) producing a purchase-money safeguards desire getting family devices, (c) a move of the develop, origin otherwise from the operation off legislation upon the fresh new death of a great joint tenant or (d) the new give of any leasehold desire out of 36 months otherwise quicker perhaps not who has a choice to buy, Financial may, at the Lender’s solution, state all amounts protected through this Deed out of Believe to help you end up being quickly due and you will payable. When the Bank has waived the possibility so you can speeds given in this section 17 just in case Borrower’s successor in attention keeps executed an excellent composed assumption contract accepted in writing by Financial, Bank should discharge Debtor off the obligations around that it Action out of Trust and also the Note.”