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e-CFR data is current as of September 18, 2020

Title 7Subtitle BChapter XXXVPart 3565Subpart K → §3565.502


Title 7: Agriculture
PART 3565—GUARANTEED RURAL RENTAL HOUSING PROGRAM
Subpart K—Agency Guaranteed Loans That Back Ginnie Mae Guaranteed Securities


§3565.502   Incontestability.

In the case of loans that back Ginnie Mae securities or loans that are acquired by Ginnie Mae as a consequence of its guaranty, the Agency guarantee under this part is incontestable except that the guarantee may not be enforced by a lender who commits fraud or misrepresentation or by a lender who had knowledge of the fraud or misrepresentation at the time such a lender acquired the guarantee or was assigned the loan.

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