Statutes, codes, and regulations
Code of Federal Regulations
Title 24 - HOUSING AND URBAN DEVELOPMENTSubtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENTChapter II - OFFICE OF ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTSubchapter B - MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIESPart 213 - COOPERATIVE HOUSING MORTGAGE INSURANCESubpart B - CONTRACT RIGHTS AND OBLIGATIONS-PROJECTS
COOPERATIVE MANAGEMENT HOUSING INSURANCE AND DISTRIBUTIVE SHARES
Section 213.277 - Right and liability under the Cooperative Management Housing Insurance Fund

24 C.F.R. § 213.277

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Current through October 31, 2024
Section 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.

24 C.F.R. § 213.277