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e-CFR data is current as of July 1, 2020

Title 24Subtitle BChapter IISubchapter BPart 213Subpart B → §213.277


Title 24: Housing and Urban Development
PART 213—COOPERATIVE HOUSING MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations—Projects


§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.

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