C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 201—TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS › Subpart B—Loan and Note Provisions

24 C.F.R. § 201.16

Default provision

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The loan note shall contain a provision for acceleration of maturity, at the option of the holder, upon a default by the borrower.