---
kind: "section"
citation: "24 C.F.R. § 203.400"
title: "24"
number: "203.400"
heading: "Method of payment."
url: "https://uscodex.org/cfr/24/203.400"
---

# §203.400. Method of payment.

- (a) If the application for insurance benefits is acceptable to the Commissioner, payment of the insurance claim shall be made in cash, in debentures, or in a combination of both, as determined by the Commissioner either at, or prior to, the time of payment.
- (b) An insurance claim paid on a mortgage insured under section 223(e) of the National Housing Act shall be paid in cash from the Special Risk Insurance Fund.

## Notes

### Amendments

[80 FR 51468, Aug. 25, 2015]

### 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

[80 FR 51468, Aug. 25, 2015]