24 CFR 241.550
§ 241.550 Accumulation of next premium.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 241.550, § 241.550 Accumulation of next premium, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100099
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Full text
The security instrument shall provide for payments by the borrower to the lender on each interest payment date of an amount sufficient to accumulate in the hands of the lender one payment period prior to its due date, the next annual insurance premium payable by the lender to the Commissioner.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.