§ 203.493. Declaration of trust.
58 words·~1 min read·
/us/cfr/t24/s§ 203.493·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A sale of a beneficial interest in a group of insured loans, where the interest to be acquired is related to all of the loans as an entirety, rather than an interest in a specific loan, shall be made only pursuant to a declaration of trust, which has been approved by the Commissioner prior to any such sale.