24 C.F.R. § 203.319 Pro rata payment of premiums and charges.
Title 24 - Housing and Urban Development
No contract of insurance shall be terminated until the mortgagee has paid to the Commissioner the pro rata portion of the current annual MIP or open-end insurance charge as set forth in this subpart. [37 FR 8662, Apr. 29, 1972]
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations
Termination of Insurance Contract
§ 203.319 Pro rata payment of premiums and charges.