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Code · CFR · Title 24 — Housing and Urban Development · Part 203 — Single Family Mortgage Insurance · § 203.21

§ 203.21. Amortization provisions.

47 words·~1 min read·/us/cfr/t24/s§ 203.21·

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The mortgage must contain complete amortization provisions satisfactory to the Commissioner, requiring monthly payments by the mortgagor not in excess of his reasonable ability to pay as determined by the Commissioner. The sum of the principal and interest payments in each month shall be substantially the same.
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§ 203.21
Amortization provisions.
Fed. Reg.×4
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