Servicing responsibilities.

CFR · 2024-01-01 · US · Title 7

The lender must service the loan in accordance with this subpart and perform the services contained in this section in a reasonable and prudent manner. The lender is responsible for the actions of its agents and representatives. (a) (1) All principal and interest (P&I) funds and guarantee fees collected and deposited into the appropriate custodial accounts. (2) Payments to custodial escrow accounts for taxes and insurance premiums, assessments that might impair the security (such as ground rent), and reserve accounts for repair and capital improvement of the property. (b) (c)

official document · source cfr-2024 · id 7:§ 3565.402