§ 232.550. Accumulation of next premium.
50 words·~1 min read·
/us/cfr/t24/s§ 232.550·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The security instrument shall provide for payments by the borrower to the lender on each interest payment date of an amount sufficient to accumulate in the hands of the lender one payment period prior to its due date the next annual insurance premium payable by the lender to the Commissioner.