24 CFR 241.860
§ 241.860 Commissioner's right to require acceleration.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 241.860, § 241.860 Commissioner's right to require acceleration, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100128
- Permanent ID
ys:prov:100128@1- SHA-256
18e16635aef09c664d0e40bfc52b8ba514e82e7b80c78e698e1a69213b8b3a34
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 receipt of notice of the failure of the borrower to comply with any covenant or obligation under the security instrument or note, or under the conventional note and mortgage, 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.