[Code of Federal Regulations]

[Title 24, Volume 2]

[Revised as of April 1, 2005]

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

[CITE: 24CFR203.9]



[Page 149-150]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

 CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING 

        COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 203_SINGLE FAMILY MORTGAGE INSURANCE--Table of Contents

 

     Subpart A_Eligibility Requirements and Underwriting Procedures

 

Sec.  203.9  Disclosure regarding interest due upon mortgage prepayment.



    Each mortgagee with respect to a mortgage under this part shall at 

or before closing with respect to any such mortgage, provide the 

mortgagor with written notice in a form prescribed by the Commissioner 

describing any requirements the mortgagor must fulfill upon prepayment 

of the principal amount of the mortgage to prevent the



[[Page 150]]



accrual of any interest on the principal amount after the date of such 

prepayment. This paragraph shall apply to any mortgage executed after 

August 22, 1991.



[56 FR 18947, Apr. 24, 1991]