---
kind: "section"
citation: "24 C.F.R. § 203.20"
title: "24"
number: "203.20"
heading: "Agreed interest rate."
url: "https://uscodex.org/cfr/24/203.20"
---

# §203.20. Agreed interest rate.

- (a) The mortgage shall bear interest at the rate agreed upon by the mortgagee and the mortgagor.
- (b) Interest shall be payable in monthly installments on the principal amount of the mortgage outstanding on the due date of each installment.

## Notes

### 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]