24 CFR 203.319 - Pro rata payment of premiums and charges.

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Title 24: Housing and Urban Development

Subtitle B: Regulations Relating to Housing and Urban Development (Continued)

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 203: SINGLE FAMILY MORTGAGE INSURANCE

Subpart B: Contract Rights and Obligations

: Termination of Insurance Contract

203.319 - Pro rata payment of premiums and charges.

No contract of insurance shall be terminated until the mortgagee has paid to the Commissioner the pro rata portion of the current annual MIP or open-end insurance charge as set forth in this subpart.

[37 FR 8662, Apr. 29, 1972]



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