---
kind: "section"
citation: "24 C.F.R. § 242.29"
title: "24"
number: "242.29"
heading: "Payment requirements."
url: "https://uscodex.org/cfr/24/242.29"
---

# §242.29. Payment requirements.


The mortgage shall provide for payments on the first day of each month in accordance with an amortization plan agreed upon by the mortgagor, the mortgagee, and HUD.


## Notes

### Authority

Authority: 12 U.S.C. 1709, 1710, 1715b, 1715n(f), and 1715u; 42 U.S.C. 3535(d).

### Source

Source: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.