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Termination of premium obligation

The obligation of the mortgagee to pay the premium charges for insurance shall cease upon fulfillment of the appropriate requirements under which the Secretary may pay insurance benefits, as described in paragraph (1). The Secretary may also terminate the mortgagee’s obligation to pay mortgage insurance premiums upon receipt of an application filed by the mortgagee for insurance benefits under paragraph (1), or in the event the contract of insurance is terminated pursuant to section 1715t of this title .

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statutes/12/1710.yaml

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Rules

monetary_default_minimum_full_monthly_installments

Parameter

source: 12 USC 1710(a)

- name: monetary_default_minimum_full_monthly_installments
  kind: parameter
  dtype: Count
  source: 12 USC 1710(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: monetary default for not less than 3 full monthly installments
  versions:
    - effective_from: '0001-01-01'
      formula: '3'

certificate_of_claim_annual_increment_rate

Parameter

source: 12 USC 1710(e)

- name: certificate_of_claim_annual_increment_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: an increment at the rate of 3 per centum per annum
  versions:
    - effective_from: '0001-01-01'
      formula: '0.03'

debenture_maturity_years_after_date

Parameter

source: 12 USC 1710(d)

- name: debenture_maturity_years_after_date
  kind: parameter
  dtype: Count
  source: 12 USC 1710(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: shall mature twenty years after the date thereof
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

property_contract_small_purchase_threshold

Parameter

source: 12 USC 1710(g)

- name: property_contract_small_purchase_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1710(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: if the amount thereof does not exceed $1,000
  versions:
    - effective_from: '0001-01-01'
      formula: '1000'

revitalization_area_very_low_income_ratio

Parameter

source: 12 USC 1710(h)(3)(A)

- name: revitalization_area_very_low_income_ratio
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(h)(3)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: less than 60 percent of the median household income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.60'

eligible_asset_dwelling_family_minimum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_minimum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

eligible_asset_dwelling_family_maximum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_maximum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '4'

revitalization_program_regulation_deadline_years

Parameter

source: 12 USC 1710(h)(10)

- name: revitalization_program_regulation_deadline_years
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(10)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: not later than the expiration of the 2-year period beginning on October 21, 1998
  versions:
    - effective_from: '0001-01-01'
      formula: '2'

▸citations (1)

References

This rule cites 1 other rule.

12 USC § 1715tinferredUS Federal › Statutes › Title 12 › § 1715t

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us/statute/12/1710/a/7 — Termination of premium obligation · Axiom

Termination of premium obligation

Official source

in view

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▸rulespec code

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statutes/12/1710.yaml

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Rules

monetary_default_minimum_full_monthly_installments

Parameter

source: 12 USC 1710(a)

- name: monetary_default_minimum_full_monthly_installments
  kind: parameter
  dtype: Count
  source: 12 USC 1710(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: monetary default for not less than 3 full monthly installments
  versions:
    - effective_from: '0001-01-01'
      formula: '3'

certificate_of_claim_annual_increment_rate

Parameter

source: 12 USC 1710(e)

- name: certificate_of_claim_annual_increment_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: an increment at the rate of 3 per centum per annum
  versions:
    - effective_from: '0001-01-01'
      formula: '0.03'

debenture_maturity_years_after_date

Parameter

source: 12 USC 1710(d)

- name: debenture_maturity_years_after_date
  kind: parameter
  dtype: Count
  source: 12 USC 1710(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: shall mature twenty years after the date thereof
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

property_contract_small_purchase_threshold

Parameter

source: 12 USC 1710(g)

- name: property_contract_small_purchase_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 12 USC 1710(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: if the amount thereof does not exceed $1,000
  versions:
    - effective_from: '0001-01-01'
      formula: '1000'

revitalization_area_very_low_income_ratio

Parameter

source: 12 USC 1710(h)(3)(A)

- name: revitalization_area_very_low_income_ratio
  kind: parameter
  dtype: Rate
  source: 12 USC 1710(h)(3)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: less than 60 percent of the median household income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.60'

eligible_asset_dwelling_family_minimum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_minimum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

eligible_asset_dwelling_family_maximum

Parameter

source: 12 USC 1710(h)(2)(A)

- name: eligible_asset_dwelling_family_maximum
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: designed as a dwelling for occupancy by 1 to 4 families
  versions:
    - effective_from: '0001-01-01'
      formula: '4'

revitalization_program_regulation_deadline_years

Parameter

source: 12 USC 1710(h)(10)

- name: revitalization_program_regulation_deadline_years
  kind: parameter
  dtype: Count
  source: 12 USC 1710(h)(10)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1710
            excerpt: not later than the expiration of the 2-year period beginning on October 21, 1998
  versions:
    - effective_from: '0001-01-01'
      formula: '2'

▸citations (1)

References

This rule cites 1 other rule.

12 USC § 1715tinferredUS Federal › Statutes › Title 12 › § 1715t