24 CFR 203.462 - Pro rata payment of premium before termination.

Regulations last checked for updates: Feb 06, 2026

Title 24 - Housing and Urban Development last revised: Jan 07, 2026

View all text of Subpart B [§ 203.251 - § 203.499]

§ 203.462 - Pro rata payment of premium before termination.

No contract of insurance shall be terminated until the lender has paid to the Commissioner the pro rata portion of the current annual insurance premium.

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 203.462