24 CFR 242.2

§ 242.2 Program financial self-sufficiency.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 242.2, § 242.2 Program financial self-sufficiency, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100179
Permanent ID: ys:prov:100179@1
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Full text

The Commissioner shall administer the Section 242 program in such a way as to encourage financial self-sufficiency and actuarial soundness; i.e., to avoid mortgage defaults and claims for insurance benefits in order to protect the mortgage insurance fund.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.