StacksVerified U.S. regulatory reference

24 CFR §200.81

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The mortgagee shall be obligated, as a part of the mortgage transaction, to disburse the principal amount of the mortgage to the:
  1. (a)Mortgagor or mortgagor's account;
  2. (b)Mortgagor's creditors for the mortgagor's account, subject to the mortgagor's consent.