24 CFR 220.813

§ 220.813 Commissioner's right to require acceleration.

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

Cite this

Citation: 24 CFR 220.813, § 220.813 Commissioner's right to require acceleration, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99908
Permanent ID: ys:prov:99908@1
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Full text

Upon receipt of notice of the failure of the borrower to comply with any covenant or obligation under the security instrument or note, or otherwise being apprised thereof, the Commissioner reserves the right to require the lender to accelerate payment of the outstanding principal balance due in order to protect the interests of the Federal Housing Commissioner.

Legislative history

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