§ 203.261. Calculation of periodic MIP.
42 words·~1 min read·
/us/cfr/t24/s§ 203.261·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The amount of any periodic MIP shall be calculated in accordance with the original amortization provisions of the mortgage, without taking into account delinquent payments, prepayments, agreements to postpone payments, or agreements to recast the mortgage. \[48 FR 28805, June 23, 1983\]