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24 C.F.R. §811.108 - Debt service reserve
| Cite as | 24 C.F.R. §811.108 |
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Washoe-Mill Apartments v. U.S. Bank Nat'l Ass'n, Case No. 3:12-cv-00418-MMD-WGC
- United States
- United States District Courts. 9th Circuit. United States District Courts. 9th Circuit. District of Nevada
- September 27, 2013
...attributable to the funding of the debt service reserve), any funds remaining in the debt service reserve shall be remitted to HUD." 24 C.F.R. § 811.108(a)(3). Page 5 HUD asserts that Section 413 of the Agreement incorporates this statutory requirement. Section 413 states that, "[u]pon fina......