24 CFR 232.530 - Disbursement of proceeds.

Regulations last checked for updates: Nov 22, 2024

Title 24 - Housing and Urban Development last revised: Nov 13, 2024

View all text of Subpart C [§ 232.500 - § 232.630]

§ 232.530 - Disbursement of proceeds.

At the time of endorsement for insurance of the note by the Commissioner, the entire principal amount of the note shall have been disbursed to the borrower or to his creditors for his account and with his consent.

authority: 12 U.S.C. 1715b,1715w,1735d,and; 42 U.S.C. 3535(d)

source: 36 FR 24618, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 232.530