§ 1007.55 - Guarantee fee.

Latest version.

§ 1007.55 Guarantee fee.

The lender shall pay to HUD, at the time of issuance of the guarantee, a fee for the guarantee of loans under this part, in an amount equal to 1 percent of the principal obligation of the loan. This amount is payable by the borrower at closing.

                    
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§ 1007.55 - Guarantee fee.

§ 1007.55 Guarantee fee.