24 CFR 213.277 - Right and liability under the Cooperative Management Housing Insurance Fund.

Regulations last checked for updates: May 04, 2025

Title 24 - Housing and Urban Development last revised: Apr 20, 2025

View all text of Subpart B [§ 213.251 - § 213.280]

§ 213.277 - Right and liability under the Cooperative Management Housing Insurance Fund.

No mortgagor or mortgagee shall have any vested right in a credit balance in either the General Surplus Account or the Participating Reserve Account. No mortgagor or mortgagee shall be subject to any liability arising under the mutuality of the Cooperative Management Housing Insurance Fund.

authority: 12 U.S.C. 1715b,1715e; 42 U.S.C. 3535(d)

source: 36 FR 24553, Dec. 22, 1971, unless otherwise noted.

cite as: 24 CFR 213.277