24 C.F.R. § 207.257

Current through March 31, 2024
Section 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.

24 C.F.R. §207.257

76 FR 24371, May 2, 2011