7 CFR 3565.502
§ 3565.502 Incontestability.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 3565.502, § 3565.502 Incontestability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30755
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.