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Code of Federal Regulations Title 24. Housing and Urban Development § 24.266.606 Mortgage insurance premium:  Duration and method of paying

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Duration of payments. Mortgage insurance premium payments must continue annually until one of the following occurs:

(1) The mortgage is paid in full;

(2) A deed to the HFA is filed for record;

(3) An application for initial claim payment is received by the Commissioner;  or

(4) The contract of insurance is otherwise terminated.

(b) Method of payment. The HFA shall pay any mortgage insurance premium required by this part in cash.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 24. Housing and Urban Development § 24.266.606 Mortgage insurance premium:  Duration and method of paying - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-24-housing-and-urban-development/cfr-sect-24-266-606/

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