§203.362. Conditions for withdrawal of application for insurance benefits.
24 C.F.R. § 203.362
With the consent of the Commissioner, a mortgagee may withdraw an application for insurance benefits if the mortgagee agrees that it will:
Accept a reconveyance of the property under a deed which warrants against the acts of the Commissioner and all claiming by, through, or under him; and
Promptly file a reconveyance for record; and
Accept without continuation the title evidence which it furnished the Commissioner; and
Reimburse the Commissioner for property expenditures as set forth in § 203.364.
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.