§ 32.65. IMPOUND ACCOUNT.  


Latest version.
  • If the Chief Administrative Officer deems it desirable and necessary to effectuate the purposes of the program that an impound account be required to assure taxes, insurance, or a maintenance reserve, he or she may include such a requirement in any conventional RAP loan agreement.
    (Added by Ord. 23-74, App. 1/9/74)