§241.560. Agreed interest rate.
24 C.F.R. § 241.560
The mortgage shall bear interest at the rate agreed upon by the lender and the borrower.
Interest shall be payable in monthly installments on the principal amount of the loan outstanding on the due date of each installment.
Notes, amendments, and revision history
Amendments
[45 FR 57983, Aug. 29, 1980, as amended at 49 FR 19459, May 8, 1984]
Source
Source: 45 FR 57983, Aug. 29, 1980, 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.
Amendments
[45 FR 57983, Aug. 29, 1980, as amended at 49 FR 19459, May 8, 1984]