24 CFR 241.270
§ 241.270 Refund upon termination of insurance.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 241.270, § 241.270 Refund upon termination of insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100085
- Permanent ID
ys:prov:100085@1- SHA-256
58f32fce100aad5ca73e272eb74197b68d360e269bf4145832b9e06ea2654700
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
Upon termination of the insurance contract by payment in full or by voluntary termination, the Commissioner shall refund to the lender for the account of the borrower an amount equal to the pro rata portion of the current annual loan insurance premium theretofore paid, which is applicable to the portion of the year subsequent to (a) the date of the prepayment or (b) the effective date of the voluntary termination of the contract of insurance.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.