761 CMR, § 22.35

Current through Register 1536, December 6, 2024

Section 22.35 - Remittance of Funds

All payments to MHMFA must be settled in the form of Boston Clearinghouse Funds or wire transfer directly to the MHMFA Trustee.

The following instructions should be used in transferring funds: _________________, New England Merchants National Bank, 28 State Street, Boston, Massachusetts 02106.

For the Credit of ____________________________

(MHMFA Servicing Account No.)

A. Outstanding Principal Balance $ _______________

B. Total Principal Due $ _______________

C. Total Principal Collected $ _______________

D. Total Principal Due MHMFA (.90 x line B) $ _______________

E. Total Principal Remitted to MHMFA (.90 x line C) $ _______________

F. Total Interest Due $ _______________

G. Total Interest Collected $ _______________

H. Total Interest Due MHMFA (MHMFA Required Rate) $ _______________

I. Net Remittance (line E plus Line H) $ _______________

761 CMR, § 22.35