---
kind: "section"
citation: "12 U.S.C. § 1747h"
title: "12"
title_heading: "Banks and Banking"
number: "1747h"
heading: "Termination of insurance contract by investor"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1747h"
units:
  - "Chapter 13 — National Housing"
  - "Subchapter VII — Insurance for Investments in Rental Housing for Families of Moderate Income"
---

# §1747h. Termination of insurance contract by investor


The investor, after written notice to the [Secretary](/usc/12/1715z–22a.md?p=4) of his intention so to do, may terminate, as of the close of any operating year, any insurance contract made pursuant to this subchapter. The [Secretary](/usc/12/1715z–22a.md?p=4) shall prescribe the events and conditions under which said [Secretary](/usc/12/1715z–22a.md?p=4) shall have the option to terminate any insurance contract made pursuant to this subchapter, and the events and conditions under which said [Secretary](/usc/12/1715z–22a.md?p=4) may reinstate any insurance contract terminated pursuant to this section or [section 1747g(a) of this title](/usc/12/1747g.md?p=a). If any insurance contract is terminated pursuant to this section, the [Secretary](/usc/12/1715z–22a.md?p=4) may require the investor to pay an adjusted premium charge in such amount as the [Secretary](/usc/12/1715z–22a.md?p=4) determines to be equitable, but not in excess of the aggregate amount of the premium charges which such investor otherwise would have been required to pay if such insurance contract had not been so terminated.


## Source credit

(June 27, 1934, ch. 847, title VII, § 709, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1280; amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17.)

## Notes

### Editorial Notes

### Amendments

1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing.

1950—Act Apr. 20, 1950, substituted “Commissioner” for “Administrator” wherever appearing.