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24 CFR 201.16

§ 201.16 Default provision.

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

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24 CFR 201.16, § 201.16 Default provision, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99396
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Full text

The loan note shall contain a provision for acceleration of maturity, at the option of the holder, upon a default by the borrower.

Legislative history

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