C.F.R. » Title 24 » CHAPTER II—OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › SUBCHAPTER B—MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES › PART 203—SINGLE FAMILY MORTGAGE INSURANCE › Subpart B—Contract Rights and Obligations

24 C.F.R. § 203.420

Nature of Mutual Mortgage Insurance Fund

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The Mutual Mortgage Insurance Fund shall consist of the General Surplus Account and the Participating Reserve Account.

Notes of Decisions
Cited in 2 cases, 1987–1988 · leading case: Robert A. Aronson v. U.S. Department of Housing and Urban Development
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Robert A. Aronson v. U.S. Department of Housing and Urban Development (1987) ca1 “24 CFR § 203.420 . Upon the termination of HUD’s insurance obligation, the mortgagor is entitled to receive a “distributive share” of any surplus in the Participating Reserve Account.”
Farnum v. United States Department of Housing & Urban Development (1988) mied “24 CFR § 203.420 . Upon the termination of HUD’s insurance obligation, the mortgagor is entitled to receive a “distributive share” of any surplus in the Participating Reserve Account.”
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