Source: https://www.law.cornell.edu/cfr/text/24/220.765
Timestamp: 2016-12-03 02:34:09
Document Index: 326399859

Matched Legal Cases: ['art 220', '§ 220', '§ 207', '§ 207', '§ 207', '§ 207', '§ 220', '§ 1706', '§ 1707', '§ 1709', '§ 1709', '§ 1713', '§ 1715', '§ 1715', '§ 1715', '§ 1715', '§ 1715', '§ 1715', '§ 1715', '§ 1715']

24 CFR 220.765 - Special insurance benefits—forbearance relief cases. | US Law | LII / Legal Information Institute
CFR › Title 24 › Subtitle B › Chapter II › Subchapter B › Part 220 › Subpart D › Section 220.765 24 CFR 220.765 - Special insurance benefits—forbearance relief cases.
§ 220.765 Special insurance benefits - forbearance relief cases.
(a) Upon a failure of the mortgagor to meet the requirements of a forbearance agreement or to cure the default under the mortgage at the expiration of the forbearance period, the mortgagee shall be entitled to obtain a special insurance payment in cash, in lieu of the insurance benefits otherwise provided under this subpart. To receive the special insurance payment, the mortgagee shall assign the mortgage to the Commissioner in compliance with the requirements of § 207.258(b) of this chapter. (b) The special insurance benefits to the mortgagee shall be a cash payment computed in accordance with § 207.259(b) of this chapter, except that in lieu of the allowance for debenture interest in § 207.259(b)(1)(iii) of this chapter, the payment shall include the amount of the unpaid accrued mortgage interest computed to the date the assignment of the mortgage to the Commissioner is filed for record. In addition, there shall be included in the cash payment an amount equivalent to the debenture interest which would have been earned from the date the mortgage assignment was filed for record to the date the payment is made; except that when the mortgagee fails to meet any of the applicable requirements of § 207.258(b) of this chapter and § 220.753(c) within the specified times and in a manner satisfactory to the Commissioner (or within such further time as the Commissioner may approve in writing), such debenture interest allowance shall be computed only to the date on which the particular required action should have been taken. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1706d - Applicability§ 1707 - Definitions§ 1709 - Insurance of mortgages§ 1709-1§ 1713 - Rental housing insurance§ 1715 - Statistical and economic surveys§ 1715b - Rules and regulations§ 1715e - Cooperative housing insurance§ 1715k - Rehabilitation and neighborhood conservation housing insurance§ 1715l - Housing for moderate income and displaced families§ 1715y - Mortgage insurance for condominiums§ 1715z-1§ 1715z-16