24 CFR 1005.843
§ 1005.843 Reductions to the claim submission amount.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 1005.843, § 1005.843 Reductions to the claim submission amount, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/102775
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Full text
A Holder shall reduce the claim when the following amounts are received or held by the Holder:
(a) All amounts received by the Holder to the account of the borrower after default.
(b) All amounts received by the Holder from any source relating to the property on account of rent, reimbursement or other payments.
(c) All cash retained by the Holder including amounts held or deposited in the account of the Borrower or to which it is entitled under the loan transaction that have not been applied in reduction of the principal loan indebtedness.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.