StacksVerified U.S. regulatory reference

24 CFR §220.823

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
If the lender is to receive payment in cash, there shall be deducted from the total of the added items in § 220.822 the following:
  1. (a)Any balance of the loan not advanced to the borrower;
  2. (b)Any cash held by the lender or its agents or to which it is entitled; including deposits made for the account of the borrower and which have not been applied in reduction of the principal obligation under the note and security instrument or instruments.