Good Faith Deposit

Requirements

You must collect the Good Faith Deposit Good Faith DepositAmount you collect from the Borrower when originating a Mortgage Loan per ​Part IV, Chapter 2: Rate Lock and Committing, Section 203: Good Faith Deposits. from the Borrower BorrowerPerson who is the obligor per the Note. per 

• Part IV, Chapter 2: Rate Lock and Committing, Section 203.01: Borrower Deposit , and
• Part IV, Chapter 2: Rate Lock and Committing, Section 203.02: Minimum Good Faith Deposit .