---
kind: "section"
citation: "24 C.F.R. § 241.1215"
title: "24"
number: "241.1215"
heading: "Calculation of insurance benefits."
url: "https://uscodex.org/cfr/24/241.1215"
---

# §241.1215. Calculation of insurance benefits.


All of the provisions of [§ 207.259](/cfr/24/207.259.md) of this chapter apply to [subpart F](/cfr/24/subpartF.md) of this part, except that if the lender, at the direction of the Commissioner, acquires title to the project at a foreclosure sale instituted by the holder of the senior insured mortgage, the amount of the claim determined under [§ 207.259(c)](/cfr/24/207.259.md?p=c) of this chapter shall also include an amount bid by the lender to satisfy the senior insured mortgage at the foreclosure sale.


## Notes

### Source

Source: 57 FR 12040, Apr. 8, 1992, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.