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§ 880

Citation: § 880 (a)
Parent Document: 24 C.F.R. § 880.608
Jurisdiction: United States (federal)
Original Source: https://www.law.cornell.edu/cfr/text/24/880.608 ↗

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(a) At the time of the initial execution of the lease, the owner will require each family to pay a security deposit in an amount equal to one month's Total Tenant Payment or $50, whichever is greater. The family is expected to pay the security deposit from its own resources and/or other public sources. The owner may collect the security deposit on an installment basis.