24 CFR 203.414
§ 203.414 Amount of payment—partial claims.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 203.414, § 203.414 Amount of payment—partial claims, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99605
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Full text
(a) Claim amount. Where a claim for partial insurance benefits is filed in accordance with § 203.371, the amount of the insurance benefits shall consist of the arrearage not to exceed an amount equivalent to 12 monthly mortgage payments, and any costs prescribed by HUD related to the default.
(b) Servicing fee. The claim may also include a payment for activities, such as servicing the subordinate mortgage, which HUD may require.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.