24 CFR §200.53
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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:
- (a)Accruals for taxes, ground rates, mortgage insurance premiums, and property insurance premiums, during the course of construction;
- (b)Meeting the cost of equipping and renting the project subsequent to its completion in whole or part; and
- (c)Allocation by the mortgagee for assessments required by the terms of the mortgage in an amount acceptable to the Commissioner.