1. Regulations
  2. title 24
  3. chapter IX
  4. part 1005
  5. subpart F
  6. § 1005.603

View all text of Subpart F [§ 1005.601 - § 1005.611]

§ 1005.603 - Up-Front Loan Guarantee Fee.

At settlement, the Direct Guarantee Lender will collect from the Borrower a one-time Up-Front Loan Guarantee Fee in an amount not exceeding three percent of the principal obligation of the Section 184 Guaranteed Loan. The amount will be set by HUD through a notice in the Federal Register.

AUTHORITY: 12 U.S.C. 1715z-13a; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

SOURCE: 89 FR 20056, Mar. 20, 2024; 89 FR 22084, Mar. 29, 2024, unless otherwise noted.

CITE AS: 24 CFR 1005.603