24 CFR 200.162

§ 200.162 Certificates of claim.

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

Cite this

Citation: 24 CFR 200.162, § 200.162 Certificates of claim, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99271
Permanent ID: ys:prov:99271@1
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Full text

The certificate of claim issued to the mortgagee at the time debentures are issued constitutes an agreement by the FHA that after the FHA has recovered its investment in a particular property any excess over and above such investment is available for payment on the certificate of claim. Certificates of claim bear interest at the rate of 3 percent per annum.

Legislative history

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