[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR1005.109]



[Page 808]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 1005_LOAN GUARANTEES FOR INDIAN HOUSING--Table of Contents

 

Sec.  1005.109  What is a guarantee fee?



    The lender shall pay to the Department, at the time of issuance of 

the guarantee, a fee for the guarantee of loans under Section 184, in an 

amount equal to 1 percent of the principal obligation of the loan. This 

amount is payable by the borrower at closing.