§203.319. Pro rata payment of premiums and charges.
24 C.F.R. § 203.319
No contract of insurance shall be terminated until the mortgagee has paid to the Commissioner the pro rata portion of the current annual MIP or open-end insurance charge as set forth in this subpart.
Notes, amendments, and revision history
Amendments
[37 FR 8662, Apr. 29, 1972]
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
[37 FR 8662, Apr. 29, 1972]