Regulations last checked for updates: Jun 17, 2024

Title 24 - Housing and Urban Development last revised: Jun 12, 2024
All TitlesTitle 24Chapter IIPart 200Subpart A - Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects
View all text of Subpart A [§ 200.3 - § 200.106]
§ 200.41 - Maximum mortgagee fees and charges.

(a) Mortgagee fees and charges included in the mortgage must be for actual required services provided to the mortgagor by the mortgagee, and shall not exceed common market rates for such services as determined by the Commissioner.

(b) Mortgagee charges for prepayment of the mortgage and late mortgage payments shall not exceed that determined appropriate by the Commissioner.

authority: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d)
source: 36 FR 24467, Dec. 22, 1971, unless otherwise noted.
cite as: 24 CFR 200.41
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