§ 203.321. Effect of termination.
45 words·~1 min read·
/us/cfr/t24/s§ 203.321·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon termination of the contract of insurance, the obligation to pay any subsequent periodic MIP or open-end insurance charge shall cease and all rights of the mortgagor and mortgagee shall be terminated, except as otherwise provided in this part. \[48 FR 28807, June 23, 1983\]