24 CFR 266.606
§ 266.606 Mortgage insurance premium: Duration and method of paying.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 266.606, § 266.606 Mortgage insurance premium: Duration and method of paying, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100471
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.