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

§ 207.257 Commissioner's right to require acceleration.

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

Upon receipt of notice of violation of a covenant, as provided for in § 207.256(b), or otherwise being apprised of the violation of a covenant, the Commissioner reserves the right to require the mortgagee to accelerate payment of the outstanding principal balance due in order to protect the interests of the Commissioner.

[76 FR 24371, May 2, 2011]

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▸ 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…

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