24 C.F.R. · Housing and Urban Development
24 C.F.R. § 200.53

Initial operating funds.

Title 24 C.F.R. ● ACTIVE Primary Source
Regulatory Text

24 C.F.R. § 200.53 — Initial operating funds.

§ 200.53 Initial operating funds. The mortgagor shall deposit cash with the mortgagee, or in a depository satisfactory to the mortgagee and under control of the mortgagee, in accordance with terms, conditions and standards established by the Commissioner for: (a) Accruals for taxes, ground rates, mortgage insurance premiums, and property insurance premiums, during the course of construction; (b) Meeting the cost of equipping and renting the project subsequent to its completion in whole or part; and (c) Allocation by the mortgagee for assessments required by the terms of the mortgage in an amount acceptable to the Commissioner.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR24-SEC-0173E4
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REGULATION / FEDERAL-CFR-SECTION
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24 C.F.R. § 200.53
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PRIMARY-SOURCE
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The regulatory text of 24 C.F.R. § 200.53 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 24 24 C.F.R. § 200.53