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Code · CFR · Title 12 — Banks and Banking · Part 1291 — Federal Home Loan Banks' Affordable Housing Program · § 1291.61

§ 1291.61. Recovery of subsidy for member noncompliance.

46 words·~1 min read·/us/cfr/t12/s§ 1291.61·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A Bank shall recover from a member the amount of any AHP subsidy (plus interest, if appropriate) not used in compliance with the commitments in the member's AHP application or the requirements of this part as a result of the actions or omissions of the member.
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