---
kind: "section"
citation: "24 C.F.R. § 1005.453"
title: "24"
number: "1005.453"
heading: "Amortization provisions."
url: "https://uscodex.org/cfr/24/1005.453"
---

# §1005.453. Amortization provisions.


The loan must contain complete Amortization provisions satisfactory to HUD, requiring payments due on the first day of each month by the Borrower. The sum of the principal and interest payments in each month shall be substantially the same.


## Notes

### Authority

Authority: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.