24 C.F.R. § 203.264 Payment of periodic MIP.
Title 24 - Housing and Urban Development
The mortgagee shall pay each MIP in twelve equal monthly installments. Each monthly installment shall be due and payable to the Commissioner no later than the tenth day of each month, beginning in the month in which the mortgagor is required to make the first monthly mortgage payment. This will be effective for amortization beginning on or after September 1, 1996. [61 FR 42787, Aug. 19, 1996]
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations
Mortgage Insurance Premiums—Periodic Payment
§ 203.264 Payment of periodic MIP.
