§ 203.319. Pro rata payment of premiums and charges.
40 words·~1 min read·
/us/cfr/t24/s§ 203.319·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No contract of insurance shall be terminated until the mortgagee has paid to the Commissioner the pro rata portion of the current annual MIP or open-end insurance charge as set forth in this subpart. \[37 FR 8662, Apr. 29, 1972\]