24 CFR §200.156 — Settlement of claims
24 CFR §200.156, Settlement of claims. An FHA program rule in Subpart E—Mortgage Insurance Procedures and Processing of 24 CFR Part 200 (Introduction to FHA Programs).
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Verbatim provisions from 24 CFR §200.156 — Settlement of claims — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
24 CFR §200.156 — Settlement of claims
Upon the Secretary's approval of a claim, the claim will be settled by issuance of cash, debentures or both, and, in certain cases, by issuance of a certificate of claim. However, in the event a final claim is in a negative amount, the claim will be settled by the mortgagee's payment of cash or surrender of debentures at par plus accrued interest to the Secretary.
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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-200-156/
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