---
kind: "section"
citation: "24 C.F.R. § 220.275"
title: "24"
number: "220.275"
heading: "Method of paying insurance benefits."
url: "https://uscodex.org/cfr/24/220.275"
---

# §220.275. Method of paying insurance benefits.


If the application for insurance benefits is acceptable to the Commissioner, all of the insurance claim shall be paid in cash unless the mortgagee files a written request with the application for payment in debentures. If such a request is made, all of the claim shall be paid by issuing debentures and by making a cash payment adjusting any differences between the total amount of the claim and the amount of the debentures issued.


## Notes

### Authority

Authority: 12 U.S.C. 1713, 1715b, 1715k, and 1735d; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24573, Dec. 22, 1971, unless otherwise noted.