StacksVerified U.S. regulatory reference

24 CFR §266.606

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)Duration of payments. Mortgage insurance premium payments must continue annually until one of the following occurs:
    1. (1)The mortgage is paid in full;
    2. (2)A deed to the HFA is filed for record;
    3. (3)An application for initial claim payment is received by the Commissioner; or
    4. (4)The contract of insurance is otherwise terminated.
  2. (b)Method of payment. The HFA shall pay any mortgage insurance premium required by this part in cash.