---
kind: "section"
citation: "24 C.F.R. § 203.391"
title: "24"
number: "203.391"
heading: "Title objection waiver with reduced insurance benefits."
url: "https://uscodex.org/cfr/24/203.391"
---

# §203.391. Title objection waiver with reduced insurance benefits.


Payment of an insurance claim will not automatically be refused solely because the title evidence reveals a condition of title not taken into consideration in the original appraisal and not covered by the provisions of [§ 203.389](/cfr/24/203.389.md) of this part, or not otherwise waived in writing by the Secretary. In such instances, the Secretary may, at his or her option, approve the payment of a claim if the mortgagee agrees to accept a reduction in insurance benefits considered adequate by the Secretary to compensate for any anticipated loss to the Mutual Mortgage Insurance Fund as a result of the existence of the title condition at the time of claim.


## Notes

### Amendments

[57 FR 47974, Oct. 20, 1992]

### 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

[57 FR 47974, Oct. 20, 1992]