24 CFR 1005.453 - Amortization provisions.

Regulations last checked for updates: May 23, 2025

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

View all text of Subpart D [§ 1005.401 - § 1005.461]

§ 1005.453 - Amortization provisions.

The loan must contain complete Amortization provisions satisfactory to HUD, requiring payments due on the first day of each month by the Borrower. The sum of the principal and interest payments in each month shall be substantially the same.

authority: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)

source: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.

cite as: 24 CFR 1005.453