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12 U.S.C. 1701x, 1701 x-1; 42 U.S.C. 3535(d) and 5301-5320.
40 FR 24693, June 9, 1975, unless otherwise noted.
59 FR 66604, Dec. 27, 1994, unless otherwise noted.
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Section 108(f) of the Act provides for the incontestability of guarantees by HUD under subpart M of this part in the hands of a holder of such guaranteed obligations. If HUD pays a claim under a guarantee made under section 108 of the Act, HUD shall be fully subrogated for all the rights of the holder of the guaranteed debt obligation with respect to such obligation.
[61 FR 11481, Mar. 20, 1996]