§ 129030 Loan Proceeds Disbursement Rules

• •Money from insured loans can only be given out with permission from the department or someone they choose.
• •The department makes rules to keep this money safe.

You take out a loan to buy a house, and the bank says the money is insured.

The bank can't just hand you the money. They have to wait for the department to say it's okay. The department also has rules to make sure the money doesn't get stolen or lost.