§ 1005.509. Application of payments.
53 words·~1 min read·
/us/cfr/t24/s§ 1005.509·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.