Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter II - Office of Assistant Secretary for Housing - Federal Housing Commissioner, Department of Housing and Urban Development |
SubChapter B - Mortgage and Loan Insurance Programs Under National Housing Act and Other Authorities |
Part 220 - Mortgage Insurance and Insured Improvement Loans for Urban Renewal and Concentrated Development Areas |
Subpart D - Contract Rights and Obligations - Projects |
Insured Project Improvement Loans |
§ 220.804a - Mortgagee's late charge.
Latest version.
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§ 220.804a Mortgagee's late charge.
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]