GroundRules
24 CFR 570.706: Federal guarantee; subrogation.
Where this section sits in the code
- Title 24—Housing and Urban Development
- Subtitle B—Regulations Relating to Housing and Urban Development
- CHAPTER V—OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
- SUBCHAPTER C—COMMUNITY FACILITIES
- PART 570—COMMUNITY DEVELOPMENT BLOCK GRANTS
- Subpart M—Loan Guarantees
Section 108(f) of the Act provides for the incontestability of guarantees by HUD under subpart M of this part in the hands of a holder of such guaranteed obligations. If HUD pays a claim under a guarantee made under section 108 of the Act, HUD shall be fully subrogated for all the rights of the holder of the guaranteed debt obligation with respect to such obligation.
Collected 2026-08-27T02:24:55Z. Source file · JSON