Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
SubChapter A - General |
Part 200 - Introduction to FHA Programs |
Subpart E - Mortgage Insurance Procedures and Processing |
Claims for Losses |
§ 200.156 - Settlement of claims.
Latest version.
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§ 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.
[61 FR 14404, Apr. 1, 1996]