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12 U.S.C. 1713, 1715b, 1715k, and 1735d; 42 U.S.C. 3535(d).
36 FR 24573, Dec. 22, 1971, unless otherwise noted.
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If the application for insurance benefits is acceptable to the Commissioner, all of the insurance claim shall be paid in cash unless the mortgagee files a written request with the application for payment in debentures. If such a request is made, all of the claim shall be paid by issuing debentures and by making a cash payment adjusting any differences between the total amount of the claim and the amount of the debentures issued.