12 U.S.C. § 1715t

Voluntary termination of insurance

Read at: OLRCuscode.house.gov CornellLII GovInfogovinfo.gov JustiaTitle 12 CasesGoogle Scholar

Notwithstanding any other provision of this chapter and with respect to any loan or mortgage heretofore or hereafter insured under this chapter, except under section 1703 of this title and except as specified under section 1715z–15 of this title and subtitle B of the Emergency Low Income Housing Preservation Act of 1987,,11 So in original. the Secretary is authorized to terminate any insurance contract upon request by the borrower or mortgagor and the financial institution or mortgagee and upon payment of such termination charge as the Secretary determines to be equitable, taking into consideration the necessity of protecting the various insurance Funds. Upon such termination, borrowers and mortgagors and financial institutions and mortgagees shall be entitled to the rights, if any, to which they would be entitled under this chapter if the insurance contract were terminated by payment in full of the insured loan or mortgage.

Notes of Decisions

Cited in 7 cases, 1989–2003 · leading case: Cienega Gardens v. United States, 38 Fed. Cl. 64 (Fed. Cl. 1997).

Sort: Relevance Newest Treatment

Cienega Gardens v. United States, 38 Fed. Cl. 64 (Fed. Cl. 1997). “§ 4119 (1) ] (or the voluntary termination of any insurance contract pursuant to section 229 of the National Housing Act [12 U.S.C.S. § 1715t]) on eligible low-income housing; .”

Cienega Gardens v. United States, 265 F.3d 1237 (Fed. Cir. 2001). “§ 4119 (1)] or the voluntary termination of any insurance contract pursuant to section 229 of the National Housing Act [12 U.S.C.S. § 1715t] on eligible low-income housing; .”

Alder Terrace Inc. v. United States, 39 Fed. Cl. 114 (Fed. Cl. 1997). “12 U.S.C. § 1715t; 24 C.F.R. § 207.253 (b).”

Johnson v. United States Dep't of Hous. & Urban Dev., 911 F.2d 1302 (8th Cir. 1990). · cites it 4× “Instead, Title 12 U.S.C. § 1715t (Section 229 of the National Housing Act of 1959) authorized the Secretary to terminate a federal mortgage insurance contract upon the request of the owner or mortgagor and the lender or mortgagee at any time prior to the expiration of the…”

Forest Park II v. Katherine Hadley, 336 F.3d 724 (8th Cir. 2003). “§ 4119 (1) and the insurance is eligible for termination under 12 U.S.C. § 1715t; however, Appellees argue that this provision is not applicable to Forest Park’s Section 236 mortgage because of Congress’s subsequent actions.”

Johnson v. Dept. of Hous. & Urban Dev., 724 F. Supp. 1257 (E.D. Mo. 1989). “12 U.S.C. § 1715t; 24 C.F.R. 207.253(b). Pursuant to 12 U.”

Johnson v. United States Dep't of Hous. & Urban Dev., 939 F.2d 586 (8th Cir. 1991). · cites it 3× “12 U.S.C. § 1715t; 24 C.F.R. § 207.253 (b).”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.