The premiums payable on and after the date of the first principal payment shall be calculated in accordance with the amortization provisions without taking into account delinquent payments or prepayments. Sec. 213.259a Premiums--mortgages insured pursuant to section 238(c) of the Act.
All of the provisions of Sec. Sec. 213.253 through 213.259 governing mortgage insurance premiums shall apply to mortgages insured under this subpart pursuant to section 238(c) of the Act, except that all mortgage insurance premiums due on such mortgages in accordance with Sec. Sec. 213.253 through 213.259 shall be calculated on the basis of one percent. [42 FR 59675, Nov. 18, 1977]