Statutes, codes, and regulations
Code of Federal Regulations
Title 24 - HOUSING AND URBAN DEVELOPMENTSubtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENTChapter IX - OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTPart 1005 - LOAN GUARANTEES FOR INDIAN HOUSINGSubpart D - UNDERWRITING
ELIGIBLE LOANS
Section 1005.453 - Amortization provisions

24 C.F.R. § 1005.453

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Current through November 30, 2024
Section 1005.453 - Amortization provisions

The loan must contain complete Amortization provisions satisfactory to HUD, requiring payments due on the first day of each month by the Borrower. The sum of the principal and interest payments in each month shall be substantially the same.

24 C.F.R. §1005.453

89 FR 20056 , 6/18/2024