24 CFR 203.259 - Method of payment of MIP.

Regulations last checked for updates: May 01, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart B [§ 203.251 - § 203.499]

§ 203.259 - Method of payment of MIP.

The payment of any MIP under this subpart shall be made to the Commissioner by the mortgagee either in cash or debentures at par plus accrued interest.

[48 FR 28805, June 23, 1983]

authority: 12 U.S.C. 1707,1709,1710,1715b,1715z,1715u,and; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)

source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 203.259