Regulations last checked for updates: Nov 25, 2024

Title 24 - Housing and Urban Development last revised: Nov 13, 2024
All TitlesTitle 24Chapter IIPart 203Subpart B - Subpart B—Contract Rights and Obligations
View all text of Subpart B [§ 203.251 - § 203.499]
§ 203.316 - Termination by prepayment of mortgage.

The contract of insurance shall be terminated if the mortgage is paid in full prior to its maturity.

authority: 12 U.S.C. 1707,1709,1710,1715b,1715z,1715u,and; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)
source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.
cite as: 24 CFR 203.316
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