§ 320.27. Mortgages.
32 words·~1 min read·
/us/cfr/t24/s§ 320.27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Guaranteed securities issued under these provisions must be based on and backed by mortgages pooled under trust arrangements satisfactory to the Association. Such mortgages must meet the requirements of the Bond Guide.