Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 1807.907: Limitation on liability.

Where this section sits in the code

Title 12—Banks and Banking
CHAPTER XVIII—COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY
PART 1807—CAPITAL MAGNET FUND
Subpart I—Terms and Conditions of a CMF Award

The liability of the CDFI Fund and the United States Government arising out of any CMF Award shall be limited to the amount of the CMF Award. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing in this section shall affect the application of any Federal tax law.

Collected 2026-08-27T02:24:16Z. Source file · JSON

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