Code of Federal Regulations · Section

§ 1005.603 — Up-front Loan Guarantee Fee

24 C.F.R. § 1005.603

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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.

24 C.F.R. § 1005.601 24 C.F.R. § 1005.605

Authorizing Statute

Administrative provisions
42 U.S.C. § 3535
Minimum standards for residential mortgage loans
15 U.S.C. § 1639c