§ 203.261 - Calculation of periodic MIP.

Latest version.

§ 203.261 Calculation of periodic MIP.

The amount of any periodic MIP shall be calculated in accordance with the original amortization provisions of the mortgage, without taking into account delinquent payments, prepayments, agreements to postpone payments, or agreements to recast the mortgage.

[48 FR 28805, June 23, 1983]

                    
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§ 203.261 - Calculation of periodic MIP.

§ 203.261 Calculation of periodic MIP.