24 CFR 220.823
§ 220.823 Claim computation; items deducted.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 220.823, § 220.823 Claim computation; items deducted, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99913
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Full text
If the lender is to receive payment in cash, there shall be deducted from the total of the added items in § 220.822 the following:
(a) Any balance of the loan not advanced to the borrower;
(b) Any cash held by the lender or its agents or to which it is entitled; including deposits made for the account of the borrower and which have not been applied in reduction of the principal obligation under the note and security instrument or instruments.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.