§201.16. Default provision.
24 C.F.R. § 201.16
The loan note shall contain a provision for acceleration of maturity, at the option of the holder, upon a default by the borrower.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).
Source
Source: 50 FR 43523, Oct. 25, 1985, unless otherwise noted.