Sec. 259. Capital reserve requirements for other funds

126 words·~1 min read·/bill/113/hr/2767/ih/section-259

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The Director shall establish capital reserve requirements for— the General Insurance Fund established under section 519 of the National Housing Act (12 U.S.C. 1735c); the Special Risk Insurance Fund established under section 238(b) of such Act (12 U.S.C. 1715z–3(b)); the Cooperative Management Housing Insurance Fund established under section 213(k) of such Act ( 12 U.S.C. 1715e(k) ); and the Rural Housing Insurance Fund established under title V of the Housing Act of 1949 (42 U.S.C. 1471), or the various accounts of such Fund. The Director may enforce compliance with the requirements under subsection

(a)of this section with respect to a Fund by taking action under section 258(b) or by requiring submission of a capital restoration plan for such Fund meeting the requirements of section 258(d).

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U.S. Code

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12 USC 1715z–3(b)

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Sec. 259

Capital reserve requirements for other funds

U.S.C.§ 1735c

U.S.C.§ 1715e

U.S.C.§ 1471

Cite12 USC 1715z–3(b)

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