---
kind: "section"
citation: "24 C.F.R. § 220.823"
title: "24"
number: "220.823"
heading: "Claim computation; items deducted."
url: "https://uscodex.org/cfr/24/220.823"
---

# §220.823. Claim computation; items deducted.


If the lender is to receive payment in cash, there shall be deducted from the total of the added items in [§ 220.822](/cfr/24/220.822.md) the following:

- (a) Any balance of the loan not advanced to the borrower;
- (b) Any cash held by the lender or its agents or to which it is entitled; including deposits made for the account of the borrower and which have not been applied in reduction of the principal obligation under the note and security instrument or instruments.

## Notes

### Authority

Authority: 12 U.S.C. 1713, 1715b, 1715k, and 1735d; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24573, Dec. 22, 1971, unless otherwise noted.