24 CFR 206.111

§ 206.111 Due date of MIP.

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

Cite this

Citation: 24 CFR 206.111, § 206.111 Due date of MIP, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99747
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Full text

(a) Initial MIP. The mortgagee shall pay the initial MIP to the Commissioner within fifteen days of closing and as a condition to the endorsement of the mortgage for insurance. (b) Monthly MIP. Each monthly MIP shall be due to the Commissioner on the first business day of each month except the month in which the mortgage is closed.

Legislative history

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