---
kind: "section"
citation: "24 C.F.R. § 200.88"
title: "24"
number: "200.88"
heading: "Late charge."
url: "https://uscodex.org/cfr/24/200.88"
---

# §200.88. Late charge.

- (a) The mortgage may provide for the collection by the mortgagee of a late charge in accordance with terms, conditions, and standards of the Commissioner for each dollar of each payment to interest or principal:
  - (1) More than 10 days in arrears to cover the expense involved in handling delinquent payments;
  - (2) For multifamily project mortgages for which HUD issued a firm commitment for mortgage insurance before September 1, 2011, and for multifamily project mortgages insured under section 232 of the Act ([12 U.S.C. 1715w](/usc/12/1715w.md)), more than 15 days in arrears to cover the expense involved in handling delinquent payments.
- (b) Late charges shall be separately charged to and collected from the mortgagor and shall not be deducted from any aggregate monthly payment.

## Notes

### Amendments

[76 FR 24369, May 2, 2011]

### Source

Source: 61 FR 14399, Apr. 1, 1996, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24467, Dec. 22, 1971, unless otherwise noted.

### Amendments

[76 FR 24369, May 2, 2011]