GroundRules
12 CFR 1291.61: Recovery of subsidy for member noncompliance.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY
- SUBCHAPTER E—HOUSING GOALS AND MISSION
- PART 1291—FEDERAL HOME LOAN BANKS' AFFORDABLE HOUSING PROGRAM
- Subpart F—Remedial Actions for Noncompliance
A Bank shall recover from a member the amount of any AHP subsidy (plus interest, if appropriate) not used in compliance with the commitments in the member's AHP application or the requirements of this part as a result of the actions or omissions of the member.
Collected 2026-08-27T02:24:16Z. Source file · JSON