§ 203.266. Period covered by periodic MIP.
49 words·~1 min read·
/us/cfr/t24/s§ 203.266·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The initial MIP shall cover the period beginning with the date of the issuance of a Mortgage Insurance Certificate and ending on the next anniversary of the beginning of amortization. Subsequent premium payments shall cover the twelve-month period preceding each subsequent anniversary date. \[48 FR 28805, June 23, 1983\]