766.114—State-certified mediation or voluntary meeting of creditors.
(a)
A borrower who is unable to develop a feasible plan but is otherwise eligible for primary loan servicing may request:
(1)
State-certified mediation; or
(2)
Voluntary meeting of creditors when a State does not have a certified mediation program.
(b)
Any negotiation of the Agency's appraisal must be completed before State-certified mediation or voluntary meeting of creditors.