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24 CFR 203.462

§ 203.462 Pro rata payment of premium before termination.

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

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24 CFR 203.462, § 203.462 Pro rata payment of premium before termination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99635
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Full text

No contract of insurance shall be terminated until the lender has paid to the Commissioner the pro rata portion of the current annual insurance premium.

Legislative history

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