7 CFR 3565.505

§ 3565.505 Liability.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 3565.505, § 3565.505 Liability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30758
Permanent ID: ys:prov:30758@1
SHA-256: 17f83ee693ffbaa3cc9778239ff081f5b4548ee2fab47511ec65a8d2298770ef

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Full text

(a) Ginnie Mae shall not be liable for the actions of the lender including, but not limited to, negligence, fraud, abuse, misrepresentation or misuse of funds, property condition, or violations of usury laws. (b) Ginnie Mae's rights under the guarantee shall be fully enforceable notwithstanding the actions of the lender.

Legislative history

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