Sec. 219. Capital reserve requirements for other funds

152 words·~1 min read·/bill/115/hr/6746/ih/section-219

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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) ); 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; and the Home Equity Conversion Insurance Fund established under section 255(s) of the National Housing Act ( 12 U.S.C. 1715–20(s) ).

The Director may enforce compliance with the requirements under subsection

(a)of this section with respect to a Fund by taking action under section 218(b) or by requiring submission of a capital restoration plan for such Fund meeting the requirements of section 218(d).

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U.S. Code

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12 USC 1715z–3(b)
12 USC 1715–20(s)

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Sec. 219

Capital reserve requirements for other funds

U.S.C.§ 1735c

U.S.C.§ 1715e

U.S.C.§ 1471

Cite12 USC 1715z–3(b)

Cite12 USC 1715–20(s)

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