Guarantee fees.

24 C.F.R. § 1005.109
in effectEffective: 2024-07-01
Sign in to generate a plain English summaryAsk Belisarius Agent
HUD shall establish and collect, at the time of issuance of the guarantee, a fee for the guarantee of loans under this section, in an amount not exceeding 3 percent of the principal obligation of the loan, or any increase established by statute. HUD shall establish the amount of the fee by publishing a notice in the Federal Register, and shall deposit any fees collected under this section in the Indian Housing Loan Guarantee Fund.

Starting a business? Corpus forms LLCs in all 50 states and DC.