Sec. 211. GENERAL PREPAYMENT LIMITATION
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## SEC. 211 GENERAL PREPAYMENT LIMITATION **[**[12 U.S.C. 4101](/us/usc/t12/s4101)**]** ###
(a)Prepayment and Termination An owner of eligible low-income housing may prepay, and a mortgagee may accept prepayment of, a mortgage on such housing only in accordance with a plan of action approved by the Secretary under this subtitle or in accordance with section 224. An insurance contract with respect to eligible low-income housing may be terminated pursuant to section 229 of the National Housing Act only in accordance with a plan of action approved by the Secretary under this subtitle or in accordance with section 224. ###
(b)Foreclosure A mortgagee may foreclose the mortgage on, or acquire by deed in lieu of foreclosure, any eligible low-income housing project only if the mortgagee also conveys title to the project to the Secretary in connection with a claim for insurance benefits. ###
(c)Effect of Unauthorized Prepayment Any prepayment of a mortgage on eligible low-income housing or termination of the mortgage insurance on such housing not in compliance with the provisions of this subtitle shall be null and void and any low-income affordability restrictions on the housing shall continue to apply to the housing.
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Sec. 211
GENERAL PREPAYMENT LIMITATION
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