24 C.F.R. Subpart B—Contract Rights and Obligations
Title 24 - Housing and Urban Development
All of the provisions of subpart B, part 207 of this chapter relating to mortgages insured under section 207 of the National Housing Act, apply to mortgages on hospitals insured under section 242 of the National Housing Act, except the following:
Sec. 207.258b—Partial payment of claims 207.259—Insurance benefits [50 FR 38787, Sept. 25, 1985] 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] Where a portion of a mortgage insured under this subpart is guaranteed by the Department of Health and Human Services under title VII of the Public Health Service Act, the mortgage insurance premiums required in accordance with §207.252 of this chapter will be charged only on that portion of the mortgage not covered by the guarantee by HHS. [42 FR 59676, Nov. 18, 1977]
Title 24: Housing and Urban Development
PART 242—MORTGAGE INSURANCE FOR HOSPITALS
Subpart B—Contract Rights and Obligations
§ 242.251 Cross-reference.
§ 242.260 Insurance benefits.
§ 242.261 Mortgage insurance premiums—insured mortgages guaranteed in part by the Department of Health and Human Services.
