24 CFR 220.275

§ 220.275 Method of paying insurance benefits.

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

Cite this

Citation: 24 CFR 220.275, § 220.275 Method of paying insurance benefits, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99889
Permanent ID: ys:prov:99889@1
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Full text

If the application for insurance benefits is acceptable to the Commissioner, all of the insurance claim shall be paid in cash unless the mortgagee files a written request with the application for payment in debentures. If such a request is made, all of the claim shall be paid by issuing debentures and by making a cash payment adjusting any differences between the total amount of the claim and the amount of the debentures issued.

Legislative history

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