{"data":{"id":"us/24-cfr-220.811","jurisdiction":"us","citation":"24 CFR 220.811","heading":"Date of default.","body":"For the purposes of §§ 220.800 et seq., the date of default shall be considered as:\n(a) The date of the first uncorrected failure to perform a covenant or obligation under the note or security instrument; or\n(b) The date of the first failure to make a monthly payment which subsequent payments by the borrower are insufficient to cover when applied to the overdue monthly payments in the order in which they became due.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES","PART 220—MORTGAGE INSURANCE AND INSURED IMPROVEMENT LOANS FOR URBAN RENEWAL AND CONCENTRATED DEVELOPMENT AREAS","Subpart D—Contract Rights and Obligations—Projects"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"3e26cf4fd1cd7a22944c7b1129a3a69f3b38ef52f157fb4898016ffec55492ee","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-220.810","next":"us/24-cfr-220.812"},"notice":"GroundRules: Original legal text. Not legal advice."}