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e-CFR data is current as of June 30, 2020

Title 24Subtitle BChapter IISubchapter BPart 207Subpart B → §207.257


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


§207.257   Commissioner's right to require acceleration.

Upon receipt of notice of violation of a covenant, as provided for in §207.256(b), or otherwise being apprised of the violation of a covenant, the Commissioner reserves the right to require the mortgagee to accelerate payment of the outstanding principal balance due in order to protect the interests of the Commissioner.

[76 FR 24371, May 2, 2011]

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