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Code · CFR · Title 24 — Housing and Urban Development · Part 232 — Mortgage Insurance for Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities · § 232.530

§ 232.530. Disbursement of proceeds.

38 words·~1 min read·/us/cfr/t24/s§ 232.530·

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At the time of endorsement for insurance of the note by the Commissioner, the entire principal amount of the note shall have been disbursed to the borrower or to his creditors for his account and with his consent.
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