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(a)Initial MIP. The mortgagee shall pay to the Secretary an initial MIP of two percent of the maximum claim amount.
(b)Monthly MIP. Monthly MIP will accrue daily on the mortgage balance at a rate equivalent to one-half of one percent per annum and shall be added to the mortgage balance when paid to the Secretary.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
§ 1715b - Rules and regulations
§ 1715z - Homeownership or membership in cooperative association for lower income families
§ 1716 - Declaration of purposes of subchapter
§ 1716b - Partition of Federal National Mortgage Association into Federal National Mortgage Association and Government National Mortgage Association; assets and liabilities; operations
§ 1717 - Federal National Mortgage Association and Government National Mortgage Association
§ 1717a - Prohibition against sale of obligations by Federal departments and agencies after June 30, 1966, without compliance with requirements of section 1717(c) of...title or without approval by Secretary of the Treasury; exemption
§ 1718 - Capitalization of Federal National Mortgage Association
§ 1719 - Secondary market operations
§ 1720 - Repealed. Pub. L. 98–181, title I [title IV, § 483(a)], Nov. 30, 1983, 97 Stat. 1240
§ 3535 - Administrative provisions