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e-CFR data is current as of July 9, 2020

Title 24Subtitle BChapter IISubchapter BPart 207Subpart B → §207.256


Title 24: Housing and Urban Development
PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations


§207.256   Notice to the Commissioner of default.

(a) If a default as defined in §207.255(a) or (b) is not cured within the grace period of 30 days provided under §207.255(a)(3) or (b)(3), the mortgagee must, within 30 days after the date of the end of the grace period, notify the Commissioner of the default, in the manner prescribed in 24 CFR part 200, subpart B.

(b) The mortgagee must give notice to the Commissioner, in the manner prescribed in 24 CFR part 200, subpart B, of the mortgagor's violation of any covenant, whether or not the mortgagee has accelerated the debt.

[76 FR 24370, May 2, 2011]

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