24 CFR § 220.812 - Notice of default.

---
identifier: "/us/cfr/t24/s220.812"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 220.812 - Notice of default."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "220.812"
section_name: "Notice of default."
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"
---


# 220.812 Notice of default.

(a) If the default as defined in § 220.810 is not cured within the 30 day grace period, the lender shall, within 30 days thereafter, notify the Commissioner in writing of such default.

(b) The lender shall give notice in writing to the Commissioner of the failure of the borrower to comply with any covenant or obligation under the security instrument or note regardless of the fact the lender may not have elected to accelerate the debt.