---
kind: "section"
citation: "24 C.F.R. § 201.16"
title: "24"
number: "201.16"
heading: "Default provision."
url: "https://uscodex.org/cfr/24/201.16"
---

# §201.16. Default provision.


The loan note shall contain a provision for acceleration of maturity, at the option of the holder, upon a default by the borrower.


## Notes

### 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.