Period of Coinsurance [HUD] Law and Legal Definition
Pursuant to 24 CFR 204.251 (k) [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; Chapter II Office of Assistant Secretary for Housing Federal Housing Commissioner, Department of Housing and Urban Development; Subchapter B Mortgage and Loan Insurance Programs under National Housing Act and Other Authorities; Part 204 Coinsurance; Subpart B Contract Rights and Obligations], the term Period of Coinsurance means “a period of time beginning on the effective date of the Mortgage Insurance Certificate and ending on the date the 60th monthly amortization payment is actually made by the mortgagor.”
