Appendix 2 Quality Control Plans and Identity of Interest

A.12.1.5 Restricted Excess Mortgage Proceeds

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States

A. Restricted excess mortgage proceeds are those excess mortgage proceeds determined not to be available to the Borrower during construction, i.e., the difference by which the HUD estimate exceeds contract amounts.

B. These funds cannot be used to satisfy any escrow requirements and must be held until final endorsement.

C. Identify these funds in an unused column of form HUD-92451, Financial Record of Mortgage Loan Transaction, as restricted funds.

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▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

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