---
kind: "section"
citation: "24 C.F.R. § 203.362"
title: "24"
number: "203.362"
heading: "Conditions for withdrawal of application for insurance benefits."
url: "https://uscodex.org/cfr/24/203.362"
---

# §203.362. Conditions for withdrawal of application for insurance benefits.


With the consent of the Commissioner, a mortgagee may withdraw an application for insurance benefits if the mortgagee agrees that it will:

- (a) 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
- (b) Promptly file a reconveyance for record; and
- (c) Accept without continuation the title evidence which it furnished the Commissioner; and
- (d) Reimburse the Commissioner for property expenditures as set forth in [§ 203.364](/cfr/24/203.364.md).

## Notes

### 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.