GroundRules
24 CFR 266.130: Reinsurance.
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle B—Regulations Relating to Housing and Urban Development
- CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES
- PART 266—HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS
- Subpart B—Housing Finance Agency Requirements
Reinsurance will be permitted for the portion of the HFA risk, subject to the following requirements:
(a) Neither HUD's nor the HFA's position shall be subordinated;
(b) The reinsurance may not be used to reduce any reserve or fund balance requirements; and
(c) Such reinsurance does not incur an obligation to the Federal Government.
Collected 2026-08-27T02:24:55Z. Source file · JSON