Skip to content

PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE›Rights and Duties of Mortgagee Under the Contract of Insurance

§ 207.256a Reinstatement of defaulted mortgage.

24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing) · 2026 edition · updated 2026-07-29 · United States

If, after default and prior to the completion of foreclosure proceedings, the mortgagor cures the default, the insurance shall continue on the mortgage as if a default had not occurred, provided the mortgagee gives notice of reinstatement to the Commissioner, in the manner prescribed in 24 CFR part 200, subpart B.

[76 FR 24370, May 2, 2011]

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸ Contents — 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance (Sec. 207 rental housing; Sec. 221(d) moderate-income housing)
  1. 24 C.F.R. Parts 207 & 221 — FHA Multifamily Mortgage Insurance…
  2. ▸ PART 207—MULTIFAMILY HOUSING MORTGAGE INSURANCE
    Overview
    1. Subpart A—Eligibility Requirements
    2. Subpart B—Contract Rights and Obligations
    3. Premiums
    4. ▸ Rights and Duties of Mortgagee Under the Contract of Insurance
      Overview
      1. § 207.255 Defaults for purposes of insurance claim.
      2. § 207.256 Notice to the Commissioner of default.
      3. § 207.256a Reinstatement of defaulted mortgage.
      4. § 207.256b Modification of mortgage terms.
      5. § 207.257 Commissioner's right to require acceleration.
      6. § 207.258 Insurance claim requirements.
      7. § 207.258a Title requirements.
      8. § 207.258b Partial payment of claim.
      9. § 207.259 Insurance benefits.
      10. § 207.259a Waiver of title objection; mortgages formerly Commi…
      11. § 207.260 Maintenance and inspection of property.
      12. § 207.261 Capturing excess bond proceeds.
    5. Rights in Housing Fund
    6. Amendments
  3. PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVIN…

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.