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24 CFR 203.316

§ 203.316 Termination by prepayment of mortgage.

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

Property & Real Estate
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24 CFR 203.316, § 203.316 Termination by prepayment of mortgage, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99541
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Full text

The contract of insurance shall be terminated if the mortgage is paid in full prior to its maturity.

Legislative history

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