24 CFR 203.320 - Notice and date of termination by Commissioner.

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There is 1 rule appearing in the Federal Register for 24 CFR 203. View below or at eCFR (GPOAccess)
§ 203.320 Notice and date of termination by Commissioner.
The Commissioner shall notify the mortgagee that the contract of insurance has been terminated and the effective termination date. The termination date shall be the last day of the month in which one of the following events has occurred:
(a)
(1) For those mortgages to which the provisions of § 203.368 apply, the date foreclosure proceedings were instituted by the mortgagee, or the property was otherwise acquired by the mortgagee or a party other than the mortgagee (including the mortgagor or other party as redemptor) if the mortgagee notifies the Commissioner that title will not be conveyed to the Commissioner and a claim for the insurance benefits will not be presented for payment.
(2) For those mortgages to which the provisions of § 203.368 do not apply, the date foreclosure proceedings were instituted, or the property was otherwise acquired by the mortgagee, if the mortgagee notifies the Commissioner that title will not be conveyed to the Commissioner.
(b) The date the mortgage was prepaid in full.
(c) The date a voluntary termination request is received by the Commissioner.
[36 FR 24508, Dec. 22, 1971, as amended at 52 FR 1327, Jan. 13, 1987]

Title 24 published on 2013-04-01

The following are only the Rules published in the Federal Register after the published date of Title 24.

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  • 2013-12-11; vol. 78 # 238 - Wednesday, December 11, 2013
    1. 78 FR 75215 - Qualified Mortgage Definition for HUD Insured and Guaranteed Single Family Mortgages
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      DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, HUD, Office of Secretary
      Final rule.
      Effective Date: January 10, 2014.
      24 CFR Parts 201, 203, 1005, and 1007

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United States Code

Title 24 published on 2013-04-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 24 CFR 203 after this date.

  • 2014-03-13; vol. 79 # 49 - Thursday, March 13, 2014
    1. 79 FR 14200 - Federal Housing Administration (FHA): Handling Prepayments:Eliminating Post-Payment Interest Charges
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      DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, HUD, Office of the Assistant Secretary for Housing-Federal Housing Commissioner
      Proposed rule.
      Comment Due Date: May 12, 2014.
      24 CFR Part 203