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24 CFR § 201.16 - Default provision.

---
identifier: "/us/cfr/t24/s201.16"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 201.16 - Default provision."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "201.16"
section_name: "Default provision."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "201"
part_name: "TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)."
regulatory_source: "50 FR 43523, Oct. 25, 1985, unless otherwise noted."
cfr_part: "201"
---

# 201.16 Default provision.

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