24 CFR 241.265
§ 241.265 Insurance of property against flood.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 241.265, § 241.265 Insurance of property against flood, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100084
- Permanent ID
ys:prov:100084@1- SHA-256
f781226bad8ab16f43d92b40d09f337c842d7ef0dcb0046dbdcd703964c32f83
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The mortgaged property shall be insured against flood as stipulated by the Federal Housing Commissioner. The mortgagee shall obtain such coverage in the event the mortgagor fails to do so. If the mortgagee fails to pay any premiums necessary to keep the mortgaged premises so insured, the contract of mortgage insurance may be terminated at the election of the Commissioner.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.