24 CFR 203.414 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 200.1 To Parts 403-499) — Regulations Relating To Housing And Urban Development (Continued) (§ 200.1 To Parts 403-499) — Office Of Assistant Secretary For Housing - Federal Housing Commissioner, Department Of Housing And Urban Development (§ 200.1 To Parts 292-299) — Mortgage And Loan Insurance Programs Under National Housing Act And Other Authorities (§ 201.1 To § 267.22) — Single Family Mortgage Insurance (§ 203.1 To § 203.681) — Contract Rights And Obligations (§ 203.251 To § 203.499) — Payment Of Insurance Benefits (§ 203.400 To § 203.414) — Amount of payment - partial claims.

4 Aug 2016

(a) Claim amount. Where a claim for partial insurance benefits is filed in accordance with § 203.371, the amount of the insurance benefits shall consist of the arrearage not to exceed an amount equivalent to 12 monthly mortgage payments, and any costs prescribed by HUD related to the default.

(b) Servicing fee. The claim may also include a payment for activities, such as servicing the subordinate mortgage, which HUD may require.

24 CFR 203.414
[61 FR 35019, July 3, 1996, as amended at 62 FR 60130, Nov. 6, 1997]