---
kind: "section"
citation: "24 C.F.R. § 241.560"
title: "24"
number: "241.560"
heading: "Agreed interest rate."
url: "https://uscodex.org/cfr/24/241.560"
---

# §241.560. Agreed interest rate.

- (a) The mortgage shall bear interest at the rate agreed upon by the lender and the borrower.
- (b) Interest shall be payable in monthly installments on the principal amount of the loan outstanding on the due date of each installment.

## Notes

### 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]