FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022)

hud-4000-1-iv-g-terminating-title-i-premium-billing

FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022).

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  authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022).
  coverage_tier: operative
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    section: FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022)
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      authority: FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022)
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      paragraph_quote: 'g. Terminating Title I Premium Billing (05/09/2022) Title I Lenders are obligated to pay the loan insurance premium on any insured Loan until it matures, or until the Loan is prepaid in full or an insurance claim is filed. This obligation continues even if: • the Lender has exhausted its insurance coverage reserve account, provided that the Loan is current; and/or • the Lender decides to terminate its Title I Contract of Insurance. Terminated Title I Lenders may not originate new Title I Loans but remain obligated to pay FHA insurance premiums and to perform obligations under the Contract of Insurance for the existing Title I Loans it holds.'

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022) — 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.

FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022)

g. Terminating Title I Premium Billing (05/09/2022) Title I Lenders are obligated to pay the loan insurance premium on any insured Loan until it matures, or until the Loan is prepaid in full or an insurance claim is filed. This obligation continues even if: • the Lender has exhausted its insurance coverage reserve account, provided that the Loan is current; and/or • the Lender decides to terminate its Title I Contract of Insurance. Terminated Title I Lenders may not originate new Title I Loans but remain obligated to pay FHA insurance premiums and to perform obligations under the Contract of Insurance for the existing Title I Loans it holds.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part IV — g. Terminating Title I Premium Billing (05/09/2022) · source URL · snapshot 8c03836f77f317e1