§ 1005.843. Reductions to the claim submission amount.
94 words·~1 min read·
/us/cfr/t24/s§ 1005.843·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A Holder shall reduce the claim when the following amounts are received or held by the Holder:
(a)All amounts received by the Holder to the account of the borrower after default.
(b)All amounts received by the Holder from any source relating to the property on account of rent, reimbursement or other payments.
(c)All cash retained by the Holder including amounts held or deposited in the account of the Borrower or to which it is entitled under the loan transaction that have not been applied in reduction of the principal loan indebtedness.