US lawFederal (United States)RegulationsTitle 24 CFR — Housing and Urban DevelopmentChapter II — OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTPart 203 — SINGLE FAMILY MORTGAGE INSURANCESubpart B — Contract Rights and Obligations203.31624 C.F.R. § 203.316Termination by prepayment of mortgage.Last amended: 2016Year: 2026Length: 18 wordsOfficial source Cite as 24 C.F.R. § 203.316 (2026)The contract of insurance shall be terminated if the mortgage is paid in full prior to its maturity.Previous24 C.F.R. § 203.315Next24 C.F.R. § 203.317