1. Regulations
  2. title 24
  3. chapter II
  4. part 236
  5. subpart C
  6. § 236.525

View all text of Subpart C [§ 236.501 - § 236.599]

§ 236.525 - Application of payments.

The mortgagee shall apply each monthly interest reduction payment, together with the mortgagor's monthly payment, to the items and in the order set out in the mortgage.

AUTHORITY: 12 U.S.C. 1715b, 1715z-1, and 1735d; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24643, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 236.525