24 CFR 203.457
§ 203.457 Voluntary termination of contract.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 203.457, § 203.457 Voluntary termination of contract, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99632
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Full text
Upon request by the borrower and lender the Commissioner may terminate the insurance contract on the loan. The lender shall cancel the insurance endorsement on the insurance certificate or note upon receipt of notice from the Commissioner that the contract of insurance is terminated.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.