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Late Charges (applicable to HECMs only)

FHA Single Family Housing Policy Handbook Glossary November 26 2025

Updated 08-20-2026

Late Charges (applicable to HECMs only)

Late Charges refer to charges assessed if the IMIP payment is received more than twenty Days after the Closing Date. Leased Fee conveyed by lease to others.

FHA Single Family Housing Policy Handbook Glossary November 26 2025

p. 27

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