24 CFR 213.277
§ 213.277 Right and liability under the Cooperative Management Housing Insurance Fund.
United States · 24 CFR — Housing and Urban Development · Status: effective
Cite this
- Citation
- 24 CFR 213.277, § 213.277 Right and liability under the Cooperative Management Housing Insurance Fund, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99843
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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 Cooperative Management Housing 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.