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    <abstract>This rule establishes that all annual multifamily mortgage insurance premium [MIP] collections in accordance with 24 CFR parts 207, 251, 252, 255, and 266 be made by the Automated Clearing House (ACH) program. The purpose of this rule is to improve the efficiency of the Multifamily Mortgage Insurance Program and reduce costs to HUD lenders. This rule does not affect the initial payment of MIPs.</abstract>
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        <summary>This rule establishes that all annual multifamily mortgage insurance premium [MIP] collections in accordance with 24 CFR parts 207, 251, 252, 255, and 266 be made by the Automated Clearing House (ACH) program. The purpose of this rule is to improve the efficiency of the Multifamily Mortgage Insurance Program and reduce costs to HUD lenders. This rule does not affect the initial payment of MIPs.</summary>
        <dates>February 9, 1998.</dates>
        <contact>Samuel N. Conner, Acting Director, Multifamily Accounting and Servicing Division, Room 6208, Department of Housing and Urban Development, 451 7th Street, SW, Washington, DC 20024; telephone (202) 708-0223. Hearing-impaired or speech-impaired individuals may access the voice telephone number listed above by calling the Federal Information Relay Service during working hours at 1-800-877-8339.</contact>
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