---
kind: "section"
citation: "24 C.F.R. § 206.111"
title: "24"
number: "206.111"
heading: "Due date of MIP."
url: "https://uscodex.org/cfr/24/206.111"
---

# §206.111. Due date of MIP.

- (a) **Initial MIP.** The mortgagee shall pay the initial MIP to the Commissioner within fifteen days of closing and as a condition to the endorsement of the mortgage for insurance.
- (b) **Monthly MIP.** Each monthly MIP shall be due to the Commissioner on the first business day of each month except the month in which the mortgage is closed.

## Notes

### Authority

Authority: 12 U.S.C. 1715b, 1715z-20; 42 U.S.C. 3535(d)

### Source

Source: 82 FR 7117, Jan. 19, 2017, unless otherwise noted.