24 C.F.R. § 236.515 Time of payments.
Title 24 - Housing and Urban Development
The interest reduction payments shall be due on the first day of each month following the beginning of the term, and shall be paid upon the receipt of a billing (on a form prescribed by the Commissioner) from the mortgagee or its authorized agent.
Title 24: Housing and Urban Development
PART 236—MORTGAGE INSURANCE AND INTEREST REDUCTION PAYMENT FOR RENTAL PROJECTS
Subpart C—Interest Reduction Payments
§ 236.515 Time of payments.
