---
kind: "section"
citation: "24 C.F.R. § 1007.55"
title: "24"
number: "1007.55"
heading: "Guarantee fee."
url: "https://uscodex.org/cfr/24/1007.55"
---

# §1007.55. Guarantee fee.


The lender shall pay to HUD, at the time of issuance of the guarantee, a fee for the guarantee of loans under this part, in an amount equal to 1 percent of the principal obligation of the loan. This amount is payable by the borrower at closing.


## Notes

### Authority

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

### Source

Source: 67 FR 40776, June 13, 2002, unless otherwise noted.