Definitions
Endorsement and Contract of Insurance
Mortgage Insurance Premiums In General
Mortgage Insurance Premiums Periodic Payment
Open-end Insurance Charges All Mortgages
Mortgage Insurance Premiums One-Time Payment
Calculation of Mortgage Insurance Premium on or After July 1, 1991
Adjusted Mortgage Insurance Premium
Voluntary Termination
Termination of Insurance Contract
Default Under Mortgage
Continuation of Insurance
Forbearance Relief for Military Personnel
Assignment of Mortgage
Claim Procedure
Condition of Property
Property Title Transfers and Title Waivers
Payment of Insurance Benefits
Certificate of Claim
Mutual Mortgage Insurance Fund and Distributive Shares
Sale, Assignment and Pledge of Insured Mortgage
Graduated Payment Mortgages
Cooperative Unit Mortgages
Mortgages on Property Located on Indian Land
Mortgages on Property Located on Hawaiian Home Lands
Mortgages on Property in Allegany Reservation of Seneca Indians
Rehabilitation Loans
Extension of Time
Amendments

Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B

  • Act: means the National Housing Act, as amended. See 24 CFR 203.251
  • Beginning of amortization: means the date one month prior to the date of the first monthly payment to principal and interest. See 24 CFR 203.251
  • Commissioner: means the Federal Housing Commissioner or his authorized representative. See 24 CFR 203.251
  • Contract of Insurance: means the agreement evidenced by the issuance of a Mortgage Insurance Certificate or by the endorsement of the Commissioner upon the credit instrument given in connection with an insured mortgage, incorporating by reference the regulations in this subpart and the applicable provisions of the Act. See 24 CFR 203.251
  • Debentures: means registered, transferable securities in certificated or book entry form which are valid and binding obligations, issued in the name of the Mutual Mortgage Insurance Fund in accordance with the provisions of this part. See 24 CFR 203.251
  • Disbursement: The entire principal amount of the mortgage must have been disbursed to the mortgagor or to his or her creditors for his or her account and with his or her consent. See 24 CFR 203.17
  • FHA: means the Federal Housing Administration. See 24 CFR 203.251
  • Insured mortgage: means a mortgage which has been insured as evidenced by the issuance of a Mortgage Insurance Certificate or by the endorsement of the credit instrument for insurance by the Commissioner. See 24 CFR 203.251
  • Maturity: means the date on which the mortgage indebtedness would be extinguished if paid in accordance with periodic payments provided for in the mortgage. See 24 CFR 203.251
  • Maturity: The mortgage shall have a term of not more than 30 years from the date of the beginning of amortization. See 24 CFR 203.17
  • MIP: means the mortgage insurance premium paid by the mortgagee to the Commissioner in consideration of the contract of insurance. See 24 CFR 203.251
  • Mortgagee: means the original lender under a mortgage and its successors and such of its assigns as are approved by the Commissioner. See 24 CFR 203.251
  • Mortgagor: means the original borrower under a mortgage and his heirs, executors, administrators and assigns. See 24 CFR 203.251
  • Open-end advance: means an insured advance made by an approved mortgagee in connection with a previously insured mortgage, pursuant to an open-end provision in the mortgage. See 24 CFR 203.251
  • Open-end insurance charge: means the charge paid by the mortgagee to the Commissioner in consideration of the insurance of an open-end advance. See 24 CFR 203.251
  • Payments: The mortgage shall:

    (1) Come due on the first of the month. See 24 CFR 203.17

  • State: includes the several States, Puerto Rico, the District of Columbia, Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, and the Virgin Islands. See 24 CFR 203.251
  • TOTAL: is an acronym that stands for "Technology Open to Approved Lenders. See 24 CFR 203.251
  • United States: means the States, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands of the United States. See 24 CFR 203.315
  • United States: means the States, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands of the United States. See 24 CFR 203.345
  • United States: means the States, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands of the United States. See 24 CFR 203.358