CFR › Title 24 › Part 241 › §241.56024 CFR §241.560Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy link(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.