PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE›Rights and Duties of Mortgagee Under the Contract of Insurance
§ 207.257 Commissioner's right to require acceleration.
24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing) · 2026 edition · updated 2026-07-29 · United States
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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