Replacement Reserve

Requirements

If the Replacement ReserveReplacement ReserveCustodial Account the Borrower funds during the Mortgage Loan term for Replacements. determined by the Property Condition AssessmentProperty Condition AssessmentAssessment of the Property's physical condition and historical operation. is more than $75 per MH SiteMH SiteDeveloped lot within an MH Community on which a Manufactured Home can be located. , full funding of the Replacement ReserveReplacement ReserveCustodial Account the Borrower funds during the Mortgage Loan term for Replacements. is required per Part II, Chapter 4: Lease Audits, Inspections, and Reserves, Section 406: Replacement Reserve.