---
kind: "section"
citation: "24 C.F.R. § 203.321"
title: "24"
number: "203.321"
heading: "Effect of termination."
url: "https://uscodex.org/cfr/24/203.321"
---

# §203.321. Effect of termination.


Upon termination of the contract of insurance, the obligation to pay any subsequent periodic MIP or open-end insurance charge shall cease and all rights of the mortgagor and mortgagee shall be terminated, except as otherwise provided in this part.


## Notes

### Amendments

[48 FR 28807, June 23, 1983]

### 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.

### Amendments

[48 FR 28807, June 23, 1983]