§ 320.13. Guaranty.
53 words·~1 min read·
/us/cfr/t24/s§ 320.13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Association guarantees the timely payment, whether or not collected, of the interest on the outstanding balance and the specified principal installments on securities that are registered on Ginnie Mae's central registry. The Association's guaranty is backed by the full faith and credit of the United States. \[64 FR 34107, June 24, 1999\]