1. Regulations
  2. title 24
  3. chapter II
  4. part 203
  5. subpart B
  6. subjgrp 111
  7. § 203.464

View all text of Subjgrp 111 [§ 203.440 - § 203.495]

§ 203.464 - Effect of termination.

Upon termination of the contract of insurance, the obligation to pay any subsequent insurance premium shall cease and all rights of the borrower and lender shall be terminated.

AUTHORITY: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16, 1715u, and 1715z-21; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 203.464