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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.