24 CFR § 203.266 - Period covered by periodic MIP.
§ 203.266 Period covered by periodic MIP.
The initial MIP shall cover the period beginning with the date of the issuance of a Mortgage Insurance Certificate and ending on the next anniversary of the beginning of amortization. Subsequent premium payments shall cover the twelve-month period preceding each subsequent anniversary date.
[48 FR 28805, June 23, 1983]