§207.252d. Mortgagee's late charge.
24 C.F.R. § 207.252d
Mortgage insurance premiums which are paid to the Commissioner more than 15 days after the billing date or due date, whichever is later, shall include a late charge of 4 percent of the amount of the payment due, except that no late charge shall be required with respect to any case for which HUD fails to render a proper billing to the mortgagee.
Notes, amendments, and revision history
Amendments
[43 FR 60154, Dec. 26, 1978, as amended at 44 FR 23067, Apr. 18, 1979]
Authority
Authority: 12 U.S.C. 1701z-11(e), 1709(c)(1), 1713, 1715(b), and 1735d; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24537, Dec. 22, 1971, unless otherwise noted.
Amendments
[43 FR 60154, Dec. 26, 1978, as amended at 44 FR 23067, Apr. 18, 1979]