24 CFR 203.316 - Termination by prepayment of mortgage.

Regulations last checked for updates: Feb 07, 2026

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

§ 203.316 - Termination by prepayment of mortgage.

The contract of insurance shall be terminated if the mortgage is paid in full prior to its maturity.

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 203.316