24 C.F.R. § 266.606 Mortgage insurance premium: Duration and method of paying.
Title 24 - Housing and Urban Development
(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.
Title 24: Housing and Urban Development
PART 266—HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS
Subpart G—Contract Rights and Obligations
Mortgage Insurance Premiums
§ 266.606 Mortgage insurance premium: Duration and method of paying.
