24 CFR 203.25

§ 203.25 Late charge.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 203.25, § 203.25 Late charge, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99476
Permanent ID: ys:prov:99476@1
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Full text

The mortgage may provide for the collection by the mortgagee of a late charge, not to exceed four per cent of the amount of each payment more than 15 days in arrears, to cover servicing and other costs attributable to the receipt of payments from mortgagors after the date upon which payment is due.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.