§ 2365. Amount of indemnity
164 words·~1 min read·
/usc/title-42/section-2365A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The indemnity obligation of the Commission specified in section 2363 of this title shall be for such amount, less the sales price of the property, as would have remained unpaid under a loan entered into on the date of the execution of the original deed by the Commission—
(1)which was in the amount of the purchase price from the Commission and provided for equal monthly payments of principal and interest over a period of twenty years computed on the basis of the average interest and other charges recorded for property of the same class at the community; and
(2)on which all payments due to the date when notice was received by the Commission had been made.
(Aug. 4, 1955, ch. 543, ch. 6, § 65, 69 Stat. 479.)
Connections1 cite this · traces to 1
Cited by 1 section
Traces to 1 document
2 references not yet in our index
- Aug. 4, 1955, ch. 543
- 69 Stat. 479
Citation graph
cites case law
Cites 3Cited by 1 across 1 source