Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 22 - Foreign Relations |
Chapter II - Agency for International Development |
Subpart D - Contract Rights and Obligations |
§ 232.805a - Mortgagee's late charge.
Latest version.
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Mortgage insurance premiums which are paid to the Commissioner more than 15 days after the billing date or due date, whichever is later, shall include a late charge of 4 percent of the amount of the payment due, except that no late charge shall be required with respect to any case for which HUD fails to render a proper billing to the mortgagee.
[43 FR 60154, Dec. 26, 1978]