24 C.F.R. · Housing and Urban Development
24 C.F.R. § 201.13

Interest and discount points.

Title 24 C.F.R. ● ACTIVE Primary Source
Regulatory Text

24 C.F.R. § 201.13 — Interest and discount points.

§ 201.13 Interest and discount points. The interest rate for any loan shall be negotiated and agreed to by the borrower and the lender, and such interest rate shall be fixed for the full term of the loan and recited in the note. Interest on the loan shall accrue from the date of the loan, and shall be calculated on a simple interest basis. The lender and the borrower may negotiate the amount of discount points, if any, to be paid by the borrower as part of the borrower's initial payment. The lender shall not require or allow any party other than the borrower to pay any discount points or other financing charges in connection with the loan transaction. [61 FR 19797, May 2, 1996]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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24 C.F.R. § 201.13
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The regulatory text of 24 C.F.R. § 201.13 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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