{"data":{"id":"us/24-cfr-200.53","jurisdiction":"us","citation":"24 CFR 200.53","heading":"Initial operating funds.","body":"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:\n(a) Accruals for taxes, ground rates, mortgage insurance premiums, and property insurance premiums, during the course of construction;\n(b) Meeting the cost of equipping and renting the project subsequent to its completion in whole or part; and\n(c) Allocation by the mortgagee for assessments required by the terms of the mortgage in an amount acceptable to the Commissioner.","path":["Title 24—Housing and Urban Development","Subtitle B—Regulations Relating to Housing and Urban Development","CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER A—GENERAL","PART 200—INTRODUCTION TO FHA PROGRAMS","Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"68fc0a852d3aaf09c484082986eba27d834d73adcd57ebb6e8e368d8d80c3dca","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-200.52","next":"us/24-cfr-200.54"},"notice":"GroundRules: Original legal text. Not legal advice."}