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Title 24 → Subtitle B → Chapter II → Subchapter B → Part 203 → Subpart B → §203.330 |
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations
§203.330 Definition of delinquency and requirement for notice of delinquency to HUD.
(a) A mortgage account is delinquent any time a payment is due and not paid.
(b) Once each month on a day prescribed by HUD, the mortgagee shall report to HUD all mortgages insured under this part that were delinquent on the last day of the month, or that were reported as delinquent the previous month. The report shall be made in a manner prescribed by HUD.
[71 FR 16234, Mar. 31, 2006]