Code of Federal Regulations (alpha)

CFR /  Title 24  /  Part 1005  /  Sec. 1005.109 Guarantee fees.

HUD shall establish and collect, at the time of issuance of the guarantee, a fee for the guarantee of loans under this section, in an amount not exceeding 3 percent of the principal obligation of the loan, or any increase established by statute. HUD shall establish the amount of the fee by publishing a notice in the Federal Register, and shall deposit any fees collected under this section in the Indian Housing Loan Guarantee Fund. [79 FR 12384, March 5, 2014]