24 C.F.R. § 200.81 Disbursement of mortgage proceeds.
Title 24 - Housing and Urban Development
The mortgagee shall be obligated, as a part of the mortgage transaction, to disburse the principal amount of the mortgage to the: (a) Mortgagor or mortgagor's account; (b) Mortgagor's creditors for the mortgagor's account, subject to the mortgagor's consent.
Title 24: Housing and Urban Development
PART 200—INTRODUCTION TO FHA PROGRAMS
Subpart A—Requirements for Application, Commitment, and Endorsement Generally Applicable to Multifamily and Health Care Facility Mortgage Insurance Programs; and Continuing Eligibility Requirements for Existing Projects
Mortgage Provisions
§ 200.81 Disbursement of mortgage proceeds.
