Misapplied Funds definition

Misapplied Funds means funds that have been received in an unrelated or unintended account instead of the account of the intended beneficiary.
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Examples of Misapplied Funds in a sentence

  • Effect of Misapplied Funds on Reinstatement Amount Even if Saxon applied the funds in a manner contrary to the terms of the Mortgage or Loan Modification, Nelson must still show that the application of the funds materially affected his right to reinstatement under the statute.

  • If it is determined that IA funds have been misapplied, the AO must document the misapplication of funds by issuing a F&D memorandum and take the following actions:1) Potential Misapplied Funds.

Related to Misapplied Funds

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations;