§241.1050. Method of loan payment.
24 C.F.R. § 241.1050
The loan shall provide for monthly payments on the first day of each month on account of interest and principal and shall provide for payments in accordance with the amortization plan as agreed upon by the borrower, the lender, and the Commissioner.
Notes, amendments, and revision history
Source
Source: 57 FR 12037, Apr. 8, 1992, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.