24 C.F.R. § 242.260 Insurance benefits.
Title 24 - Housing and Urban Development
All of the provisions of §207.259 of this chapter relating to insurance benefits apply to mortgages on hospitals insured under this subpart, except that in a case where the mortgage involves the financing or refinancing of an existing hospital pursuant to §242.93 and the commitment for insuring such mortgage is issued on or after April 1, 1969, the insurance claim shall be paid in cash unless the mortgagee files a written request for payment in debentures. [59 FR 49817, Sept. 30, 1994]
Title 24: Housing and Urban Development
PART 242—MORTGAGE INSURANCE FOR HOSPITALS
Subpart B—Contract Rights and Obligations
§ 242.260 Insurance benefits.
