{"data":{"id":"us/24-cfr-221.780","jurisdiction":"us","citation":"24 CFR 221.780","heading":"Issuance of debentures.","body":"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.","path":["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 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE","Subpart D—Contract Rights and Obligations—Moderate Income Projects"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"a76c7c015088ddcc6ed461524e15f9501f83039f5597b26d50037a97826154a6","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-221.775","next":"us/24-cfr-221.785"},"notice":"GroundRules: Original legal text. Not legal advice."}