24 CFR 1005.603
§ 1005.603 Up-Front Loan Guarantee Fee.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 1005.603, § 1005.603 Up-Front Loan Guarantee Fee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102710
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Full text
At settlement, the Direct Guarantee Lender will collect from the Borrower a one-time Up-Front Loan Guarantee Fee in an amount not exceeding three percent of the principal obligation of the Section 184 Guaranteed Loan. The amount will be set by HUD through a notice in the Federal Register.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.