24 CFR §221.755 — Premiums first, second, third and operating loss loans

fha-24cfr-221-755

HUD / FHA Multifamily · a federal regulation, 24 CFR Part 221, Subpart D—Contract Rights and Obligations—Moderate Income Projects. It governs FHA's multifamily programs, not the Single Family Housing Policy Handbook 4000.1. Text as of eCFR 2026-10-09.

24 CFR §221.755, Premiums first, second, third and operating loss loans. An FHA multifamily program rule in Subpart D—Contract Rights and Obligations—Moderate Income Projects of 24 CFR Part 221 (Low Cost and Moderate Income Mortgage Insurance—Savings Clause).

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Verbatim regulatory text (2)

Verbatim provisions from 24 CFR §221.755 — Premiums first, second, third and operating loss loans — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

24 CFR §221.755(a)

All of the provisions of §§ 207.252 and 207.252a of this chapter, relating to mortgage insurance premiums, apply to mortgages insured under this subpart that provide for interest at the market rate prescribed in § 221.518(a) except that as to mortgages insured under this subpart pursuant to section 238(c) of the Act all mortgage insurance premiums due in accordance with §§ 207.252 and 207.252a shall be calculated on the basis of one percent. The provisions of § 207.252. shall not apply to: (a) Mortgages that provide for interest during the construction period at the market rate and for interest subsequent to final endorsement at the below market rate prescribed in § 221.518(b); or

Source: 24 CFR §221.755(a) · source URL · snapshot e8df648005e39453

24 CFR §221.755(b)

(b) Mortgages encumbering a project in which all units are covered by an annual contributions contract issued pursuant to section 10(c) of the Housing Act of 1937.

Source: 24 CFR §221.755(b) · source URL · snapshot e8df648005e39453

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Source of record: https://claudeforcompliance.com/regs/fha-24cfr-221-755/ · register fha-24cfr-221-755 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.