24 CFR 232.860

§ 232.860 Commissioner's right to require acceleration.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 232.860, § 232.860 Commissioner's right to require acceleration, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100015
Permanent ID: ys:prov:100015@1
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Full text

Upon receipt of notice of the failure of the borrower to comply with any covenant or obligation under the security instrument or note, or otherwise being apprised thereof, the Commissioner may require the lender to accelerate payment of the outstanding principal balance due.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.