24 CFR § 220.275 - Method of paying insurance benefits.

---
identifier: "/us/cfr/t24/s220.275"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 220.275 - Method of paying insurance benefits."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "220.275"
section_name: "Method of paying insurance benefits."
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: "220"
part_name: "MORTGAGE INSURANCE AND INSURED IMPROVEMENT LOANS FOR URBAN RENEWAL AND CONCENTRATED DEVELOPMENT AREAS"
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. 1713, 1715b, 1715k, and 1735d; 42 U.S.C. 3535(d)."
regulatory_source: "36 FR 24573, Dec. 22, 1971, unless otherwise noted."
cfr_part: "220"
---


# 220.275 Method of paying insurance benefits.

If the application for insurance benefits is acceptable to the Commissioner, all of the insurance claim shall be paid in cash unless the mortgagee files a written request with the application for payment in debentures. If such a request is made, all of the claim shall be paid by issuing debentures and by making a cash payment adjusting any differences between the total amount of the claim and the amount of the debentures issued.