24 CFR 221.780

§ 221.780 Issuance of debentures.

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

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Citation: 24 CFR 221.780, § 221.780 Issuance of debentures, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/99952
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Full text

Upon the exercise of the assignment option and the satisfactory performance of the requirements as to assignment set out in § 207.258 of this chapter, the Commissioner shall issue the assignor mortgagee debentures having a total par value equal to the amount of the original principal obligation of the mortgage which was unpaid on the date of the assignment, plus accrued interest to such date.

Legislative history

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