24 CFR 570.706

§ 570.706 Federal guarantee; subrogation.

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

Cite this

Citation: 24 CFR 570.706, § 570.706 Federal guarantee; subrogation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100875
Permanent ID: ys:prov:100875@1
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Full text

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.

Legislative history

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