# 24 CFR § 206.103: Payment of MIP

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-24-206.103

## Section

- **Citation:** 24 CFR § 206.103
- **Heading:** Payment of MIP
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 24—Housing and Urban Development > Subtitle B—Regulations Relating to Housing and Urban Development > CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT > SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES > PART 206—HOME EQUITY CONVERSION MORTGAGE INSURANCE > Subpart C—Contract Rights and Obligations > Mortgage Insurance Premiums

## 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 CFR § 206.101 § 206.101 Sale, assignment and pledge of insured mortgages.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.101.md)
- [24 CFR § 206.102 § 206.102 Insurance Funds.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.102.md)
- [24 CFR § 206.103 § 206.103 Payment of MIP.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.103.md)
- [24 CFR § 206.105 § 206.105 Amount of MIP.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.105.md)
- [24 CFR § 206.107 § 206.107 Mortgagee election of assignment or shared premium option.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.107.md)
- [24 CFR § 206.109 § 206.109 Amount of mortgagee share of premium.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.109.md)
- [24 CFR § 206.111 § 206.111 Due date of MIP.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.111.md)
- [24 CFR § 206.113 § 206.113 Late charge and interest.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.113.md)
- [24 CFR § 206.115 § 206.115 Insurance of mortgage.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.115.md)
- [24 CFR § 206.116 § 206.116 Refunds.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.116.md)
- [24 CFR § 206.117 § 206.117 General.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.117.md)
- [24 CFR § 206.121 § 206.121 Commissioner authorized to make payments.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.121.md)
- [24 CFR § 206.123 § 206.123 Claim procedures in general.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.123.md)
- [24 CFR § 206.125 § 206.125 Acquisition and sale of the property.](https://www.frixlaw.com/law-library/statutes/ecfr-24-206.125.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-24-206.103. Check the current official text before relying on it. Not legal advice.