Current through October 31, 2024
Section 766.456 - Payments toward DBSA installments(a)Interest accrual. Interest will accrue on any principal portion of the DBSA installment at the rate of one eighth of a percent.(b)Due date. The DBSA amount, including interest accrued on the principal portion of the set-aside, is due on or before the final due date of the loan.(c)Applying payments. The Agency will apply borrower payments toward DBSA installments first to interest and then to principal.