24 CFR 203.264

§ 203.264 Payment of periodic MIP.

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

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Citation: 24 CFR 203.264, § 203.264 Payment of periodic MIP, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99525
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Full text

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.

Legislative history

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