24 C.F.R. § 241.265 Insurance of property against flood.
Title 24 - Housing and Urban Development
The mortgaged property shall be insured against flood as stipulated by the Federal Housing Commissioner. The mortgagee shall obtain such coverage in the event the mortgagor fails to do so. If the mortgagee fails to pay any premiums necessary to keep the mortgaged premises so insured, the contract of mortgage insurance may be terminated at the election of the Commissioner. [39 FR 26023, July 16, 1974]
Title 24: Housing and Urban Development
PART 241—SUPPLEMENTARY FINANCING FOR INSURED PROJECT MORTGAGES
Subpart B—Contract Rights and Obligations
§ 241.265 Insurance of property against flood.
