Section 105
Requirements
The minimum Replacement ReserveReplacement ReserveCustodial Account the Borrower funds during the Mortgage Loan term for Replacements. amount must equal the greater of
- the amount calculated per Part II, Chapter 4: Inspections and Reserves, Section 405: Replacement Reserve, or
- $250 per unit per year.
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Requirements
You must ensure full funding of the Replacement ReserveReplacement ReserveCustodial Account the Borrower funds during the Mortgage Loan term for Replacements. .