Upon receipt of notice of violation of a covenant, as provided for in § 207.256(b), or otherwise being apprised of the violation of a covenant, the Commissioner reserves the right to require the mortgagee to accelerate payment of the outstanding principal balance due in order to protect the interests of the Commissioner.
[76 FR 24371, May 2, 2011]
source: 36 FR 24537, Dec. 22, 1971, unless otherwise noted.
cite as: 24 CFR 207.257