1. Regulations
  2. title 24
  3. chapter II
  4. part 242
  5. subpart C
  6. § 242.29

View all text of Subpart C [§ 242.25 - § 242.38]

§ 242.29 - Payment requirements.

The mortgage shall provide for payments on the first day of each month in accordance with an amortization plan agreed upon by the mortgagor, the mortgagee, and HUD.

AUTHORITY: 12 U.S.C. 1709, 1710, 1715b, 1715n(f), and 1715u; 42 U.S.C. 3535(d).

SOURCE: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.

CITE AS: 24 CFR 242.29