24 CFR 241.825

§ 241.825 Pro rata refund of insurance premium.

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

Cite this

Citation: 24 CFR 241.825, § 241.825 Pro rata refund of insurance premium, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100124
Permanent ID: ys:prov:100124@1
SHA-256: c787a0c43a057b7f1609c2d383a5f01be6d2b0e9cd9cd32b469c1407b2ff07a1

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 a loan insurance contract by a payment in full or by a 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 the effective date of the termination.

Legislative history

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