24 CFR 220.275 - Method of paying insurance benefits.
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If the application for insurance benefits is acceptable to the Commissioner, all of the insurance claim shall be paid in cash unless the mortgagee files a written request with the application for payment in debentures. If such a request is made, all of the claim shall be paid by issuing debentures and by making a cash payment adjusting any differences between the total amount of the claim and the amount of the debentures issued.
Title 24 published on 2014-04-01
no entries appear in the Federal Register after this date.