24 C.F.R. § 236.525 Application of payments.
Title 24 - Housing and Urban Development
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.
Title 24: Housing and Urban Development
PART 236—MORTGAGE INSURANCE AND INTEREST REDUCTION PAYMENT FOR RENTAL PROJECTS
Subpart C—Interest Reduction Payments
§ 236.525 Application of payments.
