§ 207.252 First, second and third premiums
§ 207.252a Premiums–operating loss loans
§ 207.252b Premiums–mortgages insured pursuant to section 223(f) of the Act
§ 207.252c Premiums–mortgages insured pursuant to section 238(c) of the Act
§ 207.252d Mortgagee’s late charge
§ 207.252e Method of payment of mortgage insurance premiums
§ 207.253 Termination by prepayment and voluntary termination
§ 207.253a Termination of insurance contract
§ 207.254 Changes in premiums; manner of publication

Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 207 > Subpart B > Premiums

  • act: means the National Housing Act, as amended. See 24 CFR 207.251
  • Amortization: Paying off a loan by regular installments.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Bundled unit: means the cumulative licensed thermal power rating of a number of SMR reactors on the same site that, for 10 CFR part 171 purposes only, is considered a single fee unit. See 10 CFR 171.5
  • Commission: means the U. See 10 CFR 171.5
  • Commissioner: means the Federal Housing Commissioner. See 24 CFR 207.251
  • Contract: A legal written agreement that becomes binding when signed.
  • contract of insurance: means the agreement evidenced by such endorsement and includes the terms, conditions and provisions of this part and of the National Housing Act. See 24 CFR 207.251
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Government agency: means any executive department, commission, independent establishment, corporation, wholly or partly owned by the United States of America which is an instrumentality of the United States, or any board, bureau, division, service, office, officer, authority, administration, or other establishment in the executive branch of the government. See 10 CFR 171.5
  • Materials license: means a license, certificate, approval, registration or other form of permission issued or granted by the NRC under the regulations in 10 CFR parts 30, 31 through 36, 39, 40, 61, 70, 71, 72, and 76. See 10 CFR 171.5
  • Minimum fee: means one annual fee component paid by the first bundled unit on a site with a cumulative licensed thermal power rating of 2,000 MWt or less. See 10 CFR 171.5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • mortgage: means such a first lien upon real estate and other property as is commonly given to secure advances on, or the unpaid purchase price of, real estate under the laws of the State, district or territory in which the real estate is located, together with the credit instrument or instruments, if any, secured thereby. See 24 CFR 207.251
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • mortgagee: means the original lender under a mortgage its successors and such of its assigns as are approved by the Commissioner, and includes the holders of the credit instruments issued under a trust indenture, mortgage or deed of trust pursuant to which such holders act by and through a trustee therein named. See 24 CFR 207.251
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • mortgagor: means the original borrower under a mortgage and its successors and such of its assigns as are approved by the Commissioner. See 24 CFR 207.251
  • Nonprofit educational institution: means a public or nonprofit educational institution whose primary function is education, whose programs are accredited by a nationally recognized accrediting agency or association, who is legally authorized to provide a program of organized instruction or study, who provides an educational program for which it awards academic degrees, and whose educational programs are available to the public. See 10 CFR 171.5
  • Nuclear reactor: means an apparatus, other than an atomic weapon, used to sustain fission in a self-supporting chain reaction. See 10 CFR 171.5
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Operating license: means having a license issued pursuant to §50. See 10 CFR 171.5
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Power reactor: means a nuclear reactor designed to produce electrical or heat energy and licensed by the Commission under the authority of section 103 or subsection 104b of the Atomic Energy Act of 1954, as amended, and pursuant to the provisions of §50. See 10 CFR 171.5
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Research reactor: means a nuclear reactor licensed by the Commission under the authority of subsection 104c of the Act and pursuant to the provisions of §50. See 10 CFR 171.5
  • Testing facility: means a nuclear reactor licensed by the Commission under the authority of subsection 104c of the Act and pursuant to the provisions of §50. See 10 CFR 171.5
  • Variable fee: means the annual fee component paid by the first bundled unit on a site with a licensed thermal power rating greater than 250 MWt and less than or equal to 2,000 MWt. See 10 CFR 171.5
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
  • Variable rate: means a per-MWt fee factor applied to all bundled units on site with a licensed thermal power rating less than or equal to 2,000 MWt. See 10 CFR 171.5