24 CFR § 200.53 - Initial operating funds.

---
identifier: "/us/cfr/t24/s200.53"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 200.53 - Initial operating funds."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "200.53"
section_name: "Initial operating funds."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "A"
subchapter_name: "GENERAL"
part_number: "200"
part_name: "INTRODUCTION TO FHA PROGRAMS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d)."
regulatory_source: "36 FR 24467, Dec. 22, 1971, unless otherwise noted."
cfr_part: "200"
---


# 200.53 Initial operating funds.

The mortgagor shall deposit cash with the mortgagee, or in a depository satisfactory to the mortgagee and under control of the mortgagee, in accordance with terms, conditions and standards established by the Commissioner for:

(a) Accruals for taxes, ground rates, mortgage insurance premiums, and property insurance premiums, during the course of construction;

(b) Meeting the cost of equipping and renting the project subsequent to its completion in whole or part; and

(c) Allocation by the mortgagee for assessments required by the terms of the mortgage in an amount acceptable to the Commissioner.