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§ 1005.509 Application of payments.

24 CFR 1005.509

Citation24 CFR 1005.509
CorpusDaily eCFR
Displayed edition2026-04-24
Last updated2026-04-24

§ 1005.509 Application of payments.

All monthly payments to be made by the Borrower to the Servicer shall be added together, and the aggregate amount shall be paid by the Borrower each month in a single payment by the Borrower, in accordance with the loan documents. The Servicer shall apply the Borrower's funds in accordance with § 1005.715.