§ 207.252d. Mortgagee's late charge.
78 words·~1 min read·
/us/cfr/t24/s§ 207.252d·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Mortgage insurance premiums which are paid to the Commissioner more than 15 days after the billing date or due date, whichever is later, shall include a late charge of 4 percent of the amount of the payment due, except that no late charge shall be required with respect to any case for which HUD fails to render a proper billing to the mortgagee. \[43 FR 60154, Dec. 26, 1978, as amended at 44 FR 23067, Apr. 18, 1979\]