---
kind: "section"
citation: "24 C.F.R. § 241.1050"
title: "24"
number: "241.1050"
heading: "Method of loan payment."
url: "https://uscodex.org/cfr/24/241.1050"
---

# §241.1050. Method of loan payment.


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

### 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.