§203.20. Agreed interest rate.
24 C.F.R. § 203.20
The mortgage shall bear interest at the rate agreed upon by the mortgagee and the mortgagor.
Interest shall be payable in monthly installments on the principal amount of the mortgage outstanding on the due date of each installment.
Notes, amendments, and revision history
Amendments
[36 FR 24508, Dec. 22, 1971, as amended at 49 FR 19457, May 8, 1984]
Authority
Authority: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16, 1715u, and 1715z-21; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.
Amendments
[36 FR 24508, Dec. 22, 1971, as amended at 49 FR 19457, May 8, 1984]