# 24 CFR § 206.111: Due date of MIP

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-24-206.111

## Section

- **Citation:** 24 CFR § 206.111
- **Heading:** Due date 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) Initial MIP. The mortgagee shall pay the initial MIP to the Commissioner within fifteen days of closing and as a condition to the endorsement of the mortgage for insurance.
(b) Monthly MIP. Each monthly MIP shall be due to the Commissioner on the first business day of each month except the month in which the mortgage is closed.

## 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-24-206.111. Check the current official text before relying on it. Not legal advice.