Last amended:2016Year:2026Length:55 wordsSubsections:2Official source
Cite as 24 C.F.R. § 241.560 (2026)
(a) The mortgage shall bear interest at the rate agreed upon by the lender and the borrower.
(b) Interest shall be payable in monthly installments on the principal amount of the loan outstanding on the due date of each installment.
[45 FR 57983, Aug. 29, 1980, as amended at 49 FR 19459, May 8, 1984]
24 C.F.R. § 241.560: Agreed interest rate. | Justis AI