24 C.F.R. § 200.81

Current through May 31, 2024

Section 200.81 - Disbursement of mortgage proceeds

The mortgagee shall be obligated, as a part of the mortgage transaction, to disburse the principal amount of the mortgage to the:

(a) Mortgagor or mortgagor's account;

(b) Mortgagor's creditors for the mortgagor's account, subject to the mortgagor's consent.

24 C.F.R. §200.81