19.3.2.2 Final Endorsement of the Note

A. When the RC Director determines the Request for Final Endorsement is satisfactorily completed, HUD will proceed to Final Closing. The RC Director will not date their Final Endorsement of the Note prior to the date of Final Closing. The final amount of the Note must equal the amount of all insured advances to Borrower, as approved by the RC Director and shown in the Request for Final Endorsement, even if Final Endorsement occurs after the commencement of amortization.