24 C.F.R. § 266.606
Mortgage insurance premium: Duration and method of paying.
Cite as 24 C.F.R. § 266.606 (2026)
(a)
Duration of payments.
Mortgage insurance premium payments must continue annually until one of the following occurs:
(1) The mortgage is paid in full;
(2) A deed to the HFA is filed for record;
(3) An application for initial claim payment is received by the Commissioner; or
(4) The contract of insurance is otherwise terminated.
(b)
Method of payment.
The HFA shall pay any mortgage insurance premium required by this part in cash.
[59 FR 62524, Dec. 5, 1994, as amended at 85 FR 83440, Dec. 22, 2020]