24 CFR § 266.606 - Mortgage insurance premium: Duration and method of paying.
---
identifier: "/us/cfr/t24/s266.606"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 266.606 - Mortgage insurance premium: Duration and method of paying."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "266.606"
section_name: "Mortgage insurance premium: Duration and method of paying."
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: "266"
part_name: "HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT 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. 1715z-22.; 42 U.S.C. 3535(d)."
regulatory_source: "59 FR 62524, Dec. 5, 1994, unless otherwise noted."
cfr_part: "266"
---
# 266.606 Mortgage insurance premium: Duration and method of paying.
(a) *Duration of payments.* Mortgage insurance premium payments must continue annually until one of the following occurs:
(1) The mortgage is paid in full;
(2) A deed to the HFA is filed for record;
(3) An application for initial claim payment is received by the Commissioner; or
(4) The contract of insurance is otherwise terminated.
(b) *Method of payment.* The HFA shall pay any mortgage insurance premium required by this part in cash.
[59 FR 62524, Dec. 5, 1994, as amended at 85 FR 83440, Dec. 22, 2020]