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PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE›Subpart D—Contract Rights and Obligations—Moderate Income Projects

§ 221.753 Termination of mortgage insurance.

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

In addition to the provisions of § 207.253a, the following requirements apply to certain multifamily mortgages insured under section 221 of the National Housing Act:

(a) For those projects qualifying as eligible low income housing under § 248.201, the contract of insurance may be terminated only as provided in part 248.

(b) For those projects subject to section 250(a) of the National Housing Act, the contract of insurance may be terminated only if the Commissioner determines that the requirements of section 250(a) are met.

[55 FR 38958, Sept. 21, 1990]

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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
  3. ▸ PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVIN…
    Overview
    1. Subpart A—Eligibility Requirements—Low Cost Homes—Savings Clause
    2. Subpart B—Contract Rights and Obligations—Low Cost Homes
    3. Special Provisions Applicable Only to Mortgages Involving Cond…
    4. Subpart C—Eligibility Requirements—Moderate Income Projects
    5. ▸ Subpart D—Contract Rights and Obligations—Moderate Income Proj…
      Overview
      1. § 221.751 Cross-reference.
      2. § 221.753 Termination of mortgage insurance.
      3. § 221.755 Premiums first, second, third and operating loss loa…
      4. § 221.761 Forbearance relief.
      5. § 221.762 Payment of insurance benefits.
      6. § 221.763 Special insurance benefits—forbearance relief cases.
      7. § 221.770 Assignment option.
      8. § 221.775 Option period.
      9. § 221.780 Issuance of debentures.
      10. § 221.785 Date of maturity of debentures.
      11. § 221.790 Debenture interest rate.
      12. § 221.795 Displacement—below market interest rate mortgages.
    6. Subpart E—Servicing Responsibilities—Low Cost Homes

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