24 CFR 241.1215 - Calculation of insurance benefits.

§ 241.1215 Calculation of insurance benefits.
All of the provisions of § 207.259 of this chapter apply to subpart F of this part, except that if the lender, at the direction of the Commissioner, acquires title to the project at a foreclosure sale instituted by the holder of the senior insured mortgage, the amount of the claim determined under § 207.259(c) of this chapter shall also include an amount bid by the lender to satisfy the senior insured mortgage at the foreclosure sale.

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.

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