FHA Single Family Housing Policy Handbook 4000.1, Part I — g. Payment of Operating Expenses (03/14/2016)
FHA Single Family Housing Policy Handbook 4000.1, Part I — g. Payment of Operating Expenses (03/14/2016).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part I — g. Payment of Operating Expenses (03/14/2016) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part I — g. Payment of Operating Expenses (03/14/2016)
g. Payment of Operating Expenses (03/14/2016) i. Definition Operating Expenses are the costs associated with equipment, furniture, office rent, overhead, and employee compensation. ii. Standard The Mortgagee must pay all of its own operating expenses, including the expenses of its home office and any branch offices where it conducts FHA business. The Mortgagee must maintain all accounts for operating expenses in its name.