24 CFR §207.253a — Termination of insurance contract

fha-24cfr-207-253a

HUD / FHA Multifamily · a federal regulation, 24 CFR Part 207, Subpart B—Contract Rights and Obligations. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.

24 CFR §207.253a, Termination of insurance contract. An FHA multifamily program rule in Subpart B—Contract Rights and Obligations of 24 CFR Part 207 (Multifamily Housing Mortgage Insurance).

This register: .xlsx .csv

Verbatim regulatory text (4)

Verbatim provisions from 24 CFR §207.253a — Termination of insurance contract — 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 §207.253a(a)

(a) Reason for termination. The happening of any of the following events shall constitute an additional reason for terminating the contract of insurance in cases where the mortgagee has elected to convey the property to the Commissioner: (1) The acquisition by the mortgagee of the mortgaged property without conveying it to the Commissioner. (2) The acquisition of the property at the foreclosure sale by a party other than the mortgagee. (3) The redemption of the property after foreclosure. (4) Notice given by the mortgagee after the foreclosure and during the redemption period that it will not tender the property to the Commissioner.

Source: 24 CFR §207.253a(a) · source URL · snapshot 5a66ba4053b1431e

24 CFR §207.253a(b)

(b) Notice of termination. No contract of insurance shall be terminated until the mortgagee has given written notice thereof to the Commissioner within 30 days from the happening of any one of the events set forth in paragraph (a) of this section.

Source: 24 CFR §207.253a(b) · source URL · snapshot 5a66ba4053b1431e

24 CFR §207.253a(c)

(c) Effective termination date. The Commissioner shall notify the mortgagee that the contract of insurance has been terminated and the effective termination date. The termination shall be effective as of the date any one of the events set forth in paragraph (a) of this section occur.

Source: 24 CFR §207.253a(c) · source URL · snapshot 5a66ba4053b1431e

24 CFR §207.253a(d)

(d) Effect of termination. Upon termination of the contract of insurance the obligation to pay any subsequent MIP shall cease and all rights of the mortgagor and mortgagee shall be terminated.

Source: 24 CFR §207.253a(d) · source URL · snapshot 5a66ba4053b1431e

Get this regulation in your AI window

Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.

Add to Claude Add to ChatGPT

Add to Claude shows the one-time setup: paste one address, no account with us. Add to ChatGPT adds the free C4C app from ChatGPT’s app directory. Either way it’s free.

Get notified if this rule changes

One email when 24 CFR §207.253a — Termination of insurance contract changes: what changed, the new verbatim text, and the effective date. Nothing else.

Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.

Source of record: https://claudeforcompliance.com/regs/fha-24cfr-207-253a/ · register fha-24cfr-207-253a · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.