§ 213.277. Right and liability under the Cooperative Management Housing Insurance Fund.
45 words·~1 min read·
/us/cfr/t24/s§ 213.277·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No mortgagor or mortgagee shall have any vested right in a credit balance in either the General Surplus Account or the Participating Reserve Account. No mortgagor or mortgagee shall be subject to any liability arising under the mutuality of the Cooperative Management Housing Insurance Fund.