24 CFR 1007.55 - Guarantee fee.

§ 1007.55 Guarantee fee.
The lender shall pay to HUD, at the time of issuance of the guarantee, a fee for the guarantee of loans under this part, in an amount equal to 1 percent of the principal obligation of the loan. This amount is payable by the borrower at closing.

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.