24 C.F.R. §811.108 - Debt service reserve

Cite as24 C.F.R. §811.108
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1 cases
  • 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......

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