§ 266.130. Reinsurance.
54 words·~1 min read·
/us/cfr/t24/s§ 266.130·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Reinsurance will be permitted for the portion of the HFA risk, subject to the following requirements:
(a)Neither HUD's nor the HFA's position shall be subordinated;
(b)The reinsurance may not be used to reduce any reserve or fund balance requirements; and
(c)Such reinsurance does not incur an obligation to the Federal Government.