24 CFR §221.762 — Payment of insurance benefits

Name: 24 CFR §221.762 — Payment of insurance benefits — machine-readable register
Creator: Claude for Compliance
License: https://creativecommons.org/licenses/by-nd/4.0/

fha-24cfr-221-762

HUD / FHA Multifamily · a federal regulation, 24 CFR Part 221, Subpart D—Contract Rights and Obligations—Moderate Income Projects. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.

24 CFR §221.762, Payment of insurance benefits. An FHA multifamily program rule in Subpart D—Contract Rights and Obligations—Moderate Income Projects of 24 CFR Part 221 (Low Cost and Moderate Income Mortgage Insurance—Savings Clause).

This register: .xlsx .csv

source:
  type: regulation
  id: fha-24cfr-221.762
  authority: 24 CFR §221.762 — Payment of insurance benefits
  description: 24 CFR §221.762, Payment of insurance benefits. An FHA multifamily program rule in Subpart D—Contract Rights and Obligations—Moderate Income Projects of 24 CFR Part 221 (Low Cost and Moderate Income Mortgage Insurance—Savings Clause).
  program: multifamily
  cfr_title: 24
  cfr_part: '221'
  cfr_subpart: D
  cfr_subpart_heading: Subpart D—Contract Rights and Obligations—Moderate Income Projects
  source_class: fha-regulation
  url: https://www.ecfr.gov/current/title-24/section-221.762
  snapshot_id: bc382158bef2ae33
  ecfr_as_of: '2026-10-09'
obligations:
  - id: fha-24cfr-221.762-a
    canonical_id: fha-24cfr-221.762-a
    section: 24 CFR §221.762(a)
    description: '(a): All of the provisions of § 207.259 of this chapter relating to insurance benefits apply to multifamily project mortgages insured under this subpart, except as provided in this section: (a) [Reserved]'
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    tags:
      - regulator-direct
      - section-complete
      - fha-regulation
      - 24-cfr-221
      - multifamily
    primary_source:
      tier: 1
      authority: 24 CFR §221.762(a)
      source_class: fha-regulation
      source_url: https://www.ecfr.gov/current/title-24/section-221.762
      snapshot_id: bc382158bef2ae33
      fetched_at: '2026-10-14T21:20:34Z'
      content_hash: sha256:8cf0374413ef958b6f739ab8e1c2e886a234d08a8b900ae9b3f9c663705405ed
      paragraph_quote: 'All of the provisions of § 207.259 of this chapter relating to insurance benefits apply to multifamily project mortgages insured under this subpart, except as provided in this section: (a) [Reserved]'
      drafter_attestation: Verbatim 24 CFR §221.762(a) from eCFR snapshot bc382158bef2ae33 (versioner full-XML API, title 24 up to date as of 2026-10-09); the regulator's paragraph breaks are joined with single spaces; substring-verified. Ingested 2026-10-14 (scripts/ingest-ecfr-part.py, batch mf-3) on the eCFR paragraph hierarchy.
      publisher: ecfr.gov
      verified_against: ecfr.gov
      verified_on: '2026-10-14'
  - id: fha-24cfr-221.762-b
    canonical_id: fha-24cfr-221.762-b
    section: 24 CFR §221.762(b)
    description: '(b): (b) Below market interest rate mortgages. Where the mortgage has been finally endorsed and the special below market interest rate provided in § 221.518(b) is applicable as of the date of default, the 1 percent deduction from insurance benefits prescribed in § 207.259(b)(2)(iv) of this chapter shall…'
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    tags:
      - regulator-direct
      - section-complete
      - fha-regulation
      - 24-cfr-221
      - multifamily
    primary_source:
      tier: 1
      authority: 24 CFR §221.762(b)
      source_class: fha-regulation
      source_url: https://www.ecfr.gov/current/title-24/section-221.762
      snapshot_id: bc382158bef2ae33
      fetched_at: '2026-10-14T21:20:34Z'
      content_hash: sha256:8cf0374413ef958b6f739ab8e1c2e886a234d08a8b900ae9b3f9c663705405ed
      paragraph_quote: (b) Below market interest rate mortgages. Where the mortgage has been finally endorsed and the special below market interest rate provided in § 221.518(b) is applicable as of the date of default, the 1 percent deduction from insurance benefits prescribed in § 207.259(b)(2)(iv) of this chapter shall not be applicable.
      drafter_attestation: Verbatim 24 CFR §221.762(b) from eCFR snapshot bc382158bef2ae33 (versioner full-XML API, title 24 up to date as of 2026-10-09); the regulator's paragraph breaks are joined with single spaces; substring-verified. Ingested 2026-10-14 (scripts/ingest-ecfr-part.py, batch mf-3) on the eCFR paragraph hierarchy.
      publisher: ecfr.gov
      verified_against: ecfr.gov
      verified_on: '2026-10-14'
  - id: fha-24cfr-221.762-c
    canonical_id: fha-24cfr-221.762-c
    section: 24 CFR §221.762(c)
    description: '(c): (c) Mortgages financed with section 11(b) obligations. Where the funds for a mortgage loan are provided by obligations that are tax-exempt under section 11(b) of the United States Housing Act of 1937 (24 CFR part 811), the one percent deduction from insurance benefits prescribed in § 207.259(b)(2)(i…'
    type: do
    audit_question: ''
    program_review: ''
    file_review: ''
    judgment: false
    feeds: []
    workflow_phase: ''
    owner_role: ''
    secondary_owner_role: ''
    cadence: ''
    consequence: ''
    tags:
      - regulator-direct
      - section-complete
      - fha-regulation
      - 24-cfr-221
      - multifamily
    primary_source:
      tier: 1
      authority: 24 CFR §221.762(c)
      source_class: fha-regulation
      source_url: https://www.ecfr.gov/current/title-24/section-221.762
      snapshot_id: bc382158bef2ae33
      fetched_at: '2026-10-14T21:20:34Z'
      content_hash: sha256:8cf0374413ef958b6f739ab8e1c2e886a234d08a8b900ae9b3f9c663705405ed
      paragraph_quote: (c) Mortgages financed with section 11(b) obligations. Where the funds for a mortgage loan are provided by obligations that are tax-exempt under section 11(b) of the United States Housing Act of 1937 (24 CFR part 811), the one percent deduction from insurance benefits prescribed in § 207.259(b)(2)(iv) of this chapter shall not be applicable to claims with respect to multifamily rental housing projects for which a firm commitment for mortgage insurance was issued on or after March 12, 1979.
      drafter_attestation: Verbatim 24 CFR §221.762(c) from eCFR snapshot bc382158bef2ae33 (versioner full-XML API, title 24 up to date as of 2026-10-09); the regulator's paragraph breaks are joined with single spaces; substring-verified. Ingested 2026-10-14 (scripts/ingest-ecfr-part.py, batch mf-3) on the eCFR paragraph hierarchy.
      publisher: ecfr.gov
      verified_against: ecfr.gov
      verified_on: '2026-10-14'

Verbatim regulatory text (3)

Verbatim provisions from 24 CFR §221.762 — Payment of insurance benefits — 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 §221.762(a)

All of the provisions of § 207.259 of this chapter relating to insurance benefits apply to multifamily project mortgages insured under this subpart, except as provided in this section: (a) [Reserved]

Source: 24 CFR §221.762(a) · source URL · snapshot bc382158bef2ae33

24 CFR §221.762(b)

(b) Below market interest rate mortgages. Where the mortgage has been finally endorsed and the special below market interest rate provided in § 221.518(b) is applicable as of the date of default, the 1 percent deduction from insurance benefits prescribed in § 207.259(b)(2)(iv) of this chapter shall not be applicable.

Source: 24 CFR §221.762(b) · source URL · snapshot bc382158bef2ae33

24 CFR §221.762(c)

(c) Mortgages financed with section 11(b) obligations. Where the funds for a mortgage loan are provided by obligations that are tax-exempt under section 11(b) of the United States Housing Act of 1937 (24 CFR part 811), the one percent deduction from insurance benefits prescribed in § 207.259(b)(2)(iv) of this chapter shall not be applicable to claims with respect to multifamily rental housing projects for which a firm commitment for mortgage insurance was issued on or after March 12, 1979.

Source: 24 CFR §221.762(c) · source URL · snapshot bc382158bef2ae33

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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-221-762/ · register fha-24cfr-221-762 · 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.