FHA Single Family Housing Policy Handbook 4000.1, Part IV — k. Credit due to Borrower (05/09/2022)
FHA Single Family Housing Policy Handbook 4000.1, Part IV — k. Credit due to Borrower (05/09/2022).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part IV — k. Credit due to Borrower (05/09/2022) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part IV — k. Credit due to Borrower (05/09/2022)
k. Credit due to Borrower (05/09/2022) Credit Due to Borrower refers to money paid by the Borrower that has not been posted to the loan balance. Credit due to Borrower must be disclosed on form HUD-637. Credited funds include: • positive escrow balance; • money in suspense; and • Partial Payments.