---
kind: "section"
citation: "24 C.F.R. § 220.810"
title: "24"
number: "220.810"
heading: "Definition of default."
url: "https://uscodex.org/cfr/24/220.810"
---

# §220.810. Definition of default.

- (a) If the borrower fails to make any payments due under or provided to be paid by the terms of the note or security instrument and such default continues for a period of 30 days, the note or security instrument shall be considered in default for the purposes of [§§ 220.800](/cfr/24/220.800.md) et seq.
- (b) The failure to perform any other covenant under the note or security instrument shall be considered a default, provided the lender because of such default, has exercised its right under the note or security instrument and accelerated the debt.
- (c) If such defaults as defined in paragraphs [(a)](#a) and [(b)](#b) of this section continue for a period of 30 days, the lender shall be entitled to receive the benefits of insurance hereinafter provided.

## 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.