24 CFR 203.20 : Housing And Urban Development (§ 0.1 To Parts 4101-4199) — (§ 200.1 To Parts 403-499) — Regulations Relating To Housing And Urban Development (Continued) (§ 200.1 To Parts 403-499) — Office Of Assistant Secretary For Housing - Federal Housing Commissioner, Department Of Housing And Urban Development (§ 200.1 To Parts 292-299) — Mortgage And Loan Insurance Programs Under National Housing Act And Other Authorities (§ 201.1 To § 267.22) — Single Family Mortgage Insurance (§ 203.1 To § 203.681) — Eligibility Requirements And Underwriting Procedures (§ 203.1 To § 203.249) — Eligible Mortgages (§ 203.17 To § 203.31) — Agreed interest rate.

4 Aug 2016

(a) The mortgage shall bear interest at the rate agreed upon by the mortgagee and the mortgagor.

(b) Interest shall be payable in monthly installments on the principal amount of the mortgage outstanding on the due date of each installment.

24 CFR 203.20

[36 FR 24508, Dec. 22, 1971, as amended at 49 FR 19457, May 8, 1984]