StacksVerified U.S. regulatory reference

24 CFR §242.30

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
All payments to be made by the mortgagor to the mortgagee shall be added together and the aggregate amount thereof shall be paid by the mortgagor each month in a single payment. The mortgagee shall apply each payment received to the following items in the following order:
  1. (a)Premium charges under the contract of mortgage insurance;
  2. (b)Ground rents, taxes, special assessments, and fire and other hazard insurance premiums;
  3. (c)Interest on the mortgage; and
  4. (d)Amortization of the principal of the mortgage.