24 CFR 203.422
§ 203.422 Right and liability under Mutual Mortgage Insurance Fund.
United States · 24 CFR — Housing and Urban Development · Status: effective
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- Citation
- 24 CFR 203.422, § 203.422 Right and liability under Mutual Mortgage Insurance Fund, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99611
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Full text
No mortgagor or mortgagee shall have any vested right in a credit balance in either the General Surplus Account or the Participating Reserve Account. No mortgagor or mortgagee shall be subject to any liability arising under the mutuality of the Mutual 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.