# 24 C.F.R. § 206.103 (2026): Payment of MIP

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_103

## Section

- **Citation:** 24 C.F.R. § 206.103 (2026)
- **Heading:** Payment of MIP
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 24 CFR: Housing and Urban Development / Chapter II: OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT / Part 206: HOME EQUITY CONVERSION MORTGAGE INSURANCE / Subpart C: Contract Rights and Obligations / § 206.103: § 206.103   Payment of MIP.

## Text

(a) The payment of any MIP due under this subpart shall be made to the Commissioner by the mortgagee in cash until an event described in paragraph (b) or (c) of this section occurs.
(b)
Payment of the mortgage.
The MIP shall no longer be remitted if the mortgage is paid in full.
(c)
Acquisition of title.
(1) If the mortgagee or a party other than the mortgagee acquires title at a foreclosure sale, or the mortgagee acquires title by a deed in lieu of foreclosure, and the mortgagee notifies the Commissioner that a claim for the payment of the insurance benefits will not be presented, the MIP shall no longer be remitted.
(2) If the mortgagee or a party other than the mortgagee acquires title at a foreclosure sale or the mortgagee acquires title by a deed in lieu of foreclosure, or where the property is sold in accordance with § 206.125(c), and a claim for the payment of the insurance benefits will be presented, the MIP shall no longer be remitted as of the date of the foreclosure sale, the date the deed in lieu of foreclosure is recorded, or the date in which the sale in accordance with § 206.125(c) is completed, as applicable.

## Nearby sections

- [24 C.F.R. § 206.101 (2026) § 206.101   Sale, assignment and pledge of insured mortgages.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_101.md)
- [24 C.F.R. § 206.102 (2026) § 206.102   Insurance Funds.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_102.md)
- [24 C.F.R. § 206.103 (2026) § 206.103   Payment of MIP.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_103.md)
- [24 C.F.R. § 206.105 (2026) § 206.105   Amount of MIP.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_105.md)
- [24 C.F.R. § 206.107 (2026) § 206.107   Mortgagee election of assignment or shared premium option.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_107.md)
- [24 C.F.R. § 206.109 (2026) § 206.109   Amount of mortgagee share of premium.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_109.md)
- [24 C.F.R. § 206.111 (2026) § 206.111   Due date of MIP.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_111.md)
- [24 C.F.R. § 206.113 (2026) § 206.113   Late charge and interest.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_113.md)
- [24 C.F.R. § 206.115 (2026) § 206.115   Insurance of mortgage.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_115.md)
- [24 C.F.R. § 206.116 (2026) § 206.116   Refunds.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_116.md)
- [24 C.F.R. § 206.117 (2026) § 206.117   General.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_117.md)
- [24 C.F.R. § 206.121 (2026) § 206.121   Commissioner authorized to make payments.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_121.md)
- [24 C.F.R. § 206.123 (2026) § 206.123   Claim procedures in general.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_123.md)
- [24 C.F.R. § 206.125 (2026) § 206.125   Acquisition and sale of the property.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_125.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T24_P206_S206_103. Check the current official text before relying on it. Not legal advice.