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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 1735f8 Time of payment of premium charges us united_states_code code_section 12 BANKS AND BANKING 13 NATIONAL HOUSING 1735f8 12 U.S.C. § 1735f8 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s1735f8 data/legal/raw/us/code/title-12/usc12.xml fda7a9300dba1cd23149def912dad9fd97e55a3960782b1d791ee091df6fb77c e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 9895c4d3b2b5952ea2e1e084d57448a657462e923531b44e050a6a3276f458cb 2026-07-04 official
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12 U.S.C. § 1735f8 - Time of payment of premium charges

Text

In carrying out the provisions of subchapters I, II, IV,11 See References in Text note below. VII, VIII, IXB, and X pertaining to the payment of loan or mortgage insurance premium charges by a financial institution, other mortgagees, or agent thereof to the Federal Government in connection with a loan or mortgage insurance program established pursuant to any of these subchapters, the Secretary shall require that payment of such premiums be made (1) in the case of loans or mortgages respecting one- to four-family residences, promptly upon their receipt from the borrower, and (2) in any other case, promptly when due to the Secretary; except that the Secretary may approve payment of such premiums within twenty-four months of such receipt or due date, as appropriate, if the financial institution, mortgagee, or agent thereof pays interest, at a rate specified by the Secretary, to the insurance fund for the period beginning twenty days after receipt from the borrower or after the due date, as appropriate, and ending upon payment of the premiums to the Federal Government.

(June 27, 1934, ch. 847, title V, § 530, as added Pub. L. 96399, title III, § 320, Oct. 8, 1980, 94 Stat. 1646; amended Pub. L. 98181, title I [title IV, § 406], Nov. 30, 1983, 97 Stat. 1210; Pub. L. 101235, title I, § 133(d)(5), Dec. 15, 1989, 103 Stat. 2027.)

Notes

Editorial Notes

References in TextSubchapter IV of this chapter, referred to in text, was repealed by Pub. L. 10173, title IV, § 407, Aug. 9, 1989, 103 Stat. 363.

Amendments1989—Pub. L. 101235 struck out reference to subchapter IXA after reference to subchapter VIII. 1983—Pub. L. 98181 substituted “(1) in the case of loans or mortgages respecting one- to four-family residences, promptly upon their receipt from the borrower, and (2) in any other case, promptly when due to the Secretary” for “promptly upon their receipt from the borrower”, inserted “or due date, as appropriate,” after “such receipt”, and inserted “or after the due date, as appropriate,” before “and ending”.