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24 CFR 203.464

§ 203.464 Effect of termination.

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

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24 CFR 203.464, § 203.464 Effect of termination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99637
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Full text

Upon termination of the contract of insurance, the obligation to pay any subsequent insurance premium shall cease and all rights of the borrower and lender shall be 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.