24 CFR 266.620 - Termination of Contract of Insurance.

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§ 266.620 Termination of Contract of Insurance.
The Contract of Insurance shall terminate if any of the following occurs:
(a) The mortgage is paid in full;
(b) The HFA acquires the mortgaged property and notifies the Commissioner that it will not file an insurance claim;
(c) A party other than HFA acquires the property at a foreclosure sale;
(d) The HFA notifies the Commissioner of Termination of Insurance (voluntary termination);
(e) The HFA or its successors commit fraud or make a material misrepresentation to the Commissioner with respect to information culminating in the Contract of Insurance on the mortgage or while the Contract of Insurance is in existence;
(f) The receipt by the Commissioner of an Application for Final Claims Settlement;
(g) If the HFA acquires the mortgaged property and fails to make an initial claim.

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.

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United States Code
U.S. Code: Title 12 - BANKS AND BANKING
U.S. Code: Title 42 - THE PUBLIC HEALTH AND WELFARE