Regulations last checked for updates: Oct 17, 2024

Title 24 - Housing and Urban Development last revised: Sep 16, 2024
All TitlesTitle 24Chapter IIPart 241Subpart C - Subpart C—Eligibility Requirements—Supplemental Loans To Finance Purchase and Installation of Energy Conserving Improvements, Solar Energy Systems, and Individual Utility Meters in Multifamily Projects Without a HUD-Insured or HUD-Held Mortgage
View all text of Subpart C [§ 241.500 - § 241.645]
§ 241.560 - Agreed interest rate.

(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]
authority: 12 U.S.C. 1715b,1715z,and; 42 U.S.C. 3535(d)
source: 36 FR 24653, Dec. 22, 1971, unless otherwise noted.
cite as: 24 CFR 241.560
© 2014 CustomsMobile | Disclaimer | Privacy | About