24 CFR § 201.14 - Payments on the loan.

---
identifier: "/us/cfr/t24/s201.14"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 201.14 - Payments on the loan."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "201.14"
section_name: "Payments on the loan."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "201"
part_name: "TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1703; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)."
regulatory_source: "50 FR 43523, Oct. 25, 1985, unless otherwise noted."
cfr_part: "201"
---


# 201.14 Payments on the loan.

The note normally shall provide for equal installment payments due weekly, biweekly, semi-monthly or monthly. The note may provide for either or both of the first and final payments to vary in amount but not to exceed 1
1/2 times the regular installment. Where the borrower has an irregular flow of income, the note may be payable at quarterly or semi-annual intervals corresponding with the borrower's flow of income. The first scheduled payment after the borrower's initial payment shall be due no later than two months from the date of the loan. Multiple payment schedules may not be used in connection with any loan.