GroundRules
24 CFR 1005.843: Reductions to the claim submission amount.
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle B—Regulations Relating to Housing and Urban Development
- CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- PART 1005—LOAN GUARANTEES FOR INDIAN HOUSING
- Subpart H—Claims
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.
Collected 2026-08-27T02:24:55Z. Source file · JSON