Replacement Reserve

Requirements

If the Replacement ReserveReplacement ReserveCustodial Account funded during the Mortgage Loan term for major maintenance and replacing capital items per the Loan Documents. determined by the Property Condition AssessmentProperty Condition AssessmentAssessment of the current physical condition and historical operation of the Property. 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 funded during the Mortgage Loan term for major maintenance and replacing capital items per the Loan Documents. is required per Part II, Chapter 4: Inspections and Reserves, Section 404: Replacement Reserve.