§ 203.266 - Period covered by periodic MIP.

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§ 203.266 Period covered by periodic MIP.

The initial MIP shall cover the period beginning with the date of the issuance of a Mortgage Insurance Certificate and ending on the next anniversary of the beginning of amortization. Subsequent premium payments shall cover the twelve-month period preceding each subsequent anniversary date.

[48 FR 28805, June 23, 1983]

                    
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§ 203.266 - Period covered by periodic MIP.

§ 203.266 Period covered by periodic MIP.