§203.316. Termination by prepayment of mortgage.
24 C.F.R. § 203.316
The contract of insurance shall be terminated if the mortgage is paid in full prior to its maturity.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16, 1715u, and 1715z-21; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.