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24 CFR 203.424

§ 203.424 Maximum amount of distributive shares.

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

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24 CFR 203.424, § 203.424 Maximum amount of distributive shares, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99613
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In no event shall a distributive share of the Participating Reserve Account exceed the aggregate scheduled annual premiums of the mortgagor to the year of termination of the insurance.

Legislative history

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