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Current as of January 02, 2025 | Updated by Findlaw Staff
In addition to the provisions of § 207.253a, the following requirements apply to multifamily mortgages insured under section 236 of the National Housing Act:
(a) For those projects qualifying as eligible low income housing under § 248.201, the contract of insurance may be terminated only as provided in part 248.
(b) For those projects subject to section 250(a) of the National Housing Act, the contract of insurance may be terminated only if the Commissioner determines that the requirements of section 250(a) are met.
Cite this article: FindLaw.com - Code of Federal Regulations Title 24. Housing and Urban Development § 24.236.254 Termination of mortgage insurance - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-24-housing-and-urban-development/cfr-sect-24-236-254/
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