24 C.F.R. § 300.11

Authority of officers

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The President, each Vice President, and each Assistant Vice President of the Association are severally expressly empowered in the name of the Association to sign all contracts and other documents, instruments, and writings which call for execution by the Association in the conduct of its business and affairs, and to encumber, mortgage, pledge, convey or otherwise alien any property which the Association may own or in which it may have an estate, right, title or interest. In addition, the President, each Vice President, each Assistant Vice President, the Secretary of the Association, each Assistant Secretary, the Treasurer and the Controller shall have the authority as may be provided in the Bylaws of the Association or as may be delegated to them in a manner not inconsistent with the Bylaws.

Notes of Decisions

Cited in 3 cases, 1978–1982 · leading case: Molton, Allen & Williams, Inc. v. Harris, 613 F.2d 1176 (D.C. Cir. 1980).

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Molton, Allen & Williams, Inc. v. Harris, 613 F.2d 1176 (D.C. Cir. 1980). “24 C.F.R. § 300.11 (b) (1979). . 332 U.S.”

Lomas & Nettleton Co. v. United States, 1 Cl. Ct. 641 (Ct. Cl. 1982). “11 (a)(4)) empowers attorneys-in-fact for GNMA: (4) To assign, convey, sell, lease or sublease and to contract for the assignment, conveyance, sale, lease, or sublease of any real estate, chattel, security, or property of any sort or nature, or any interest therein, now held or…”

Molton, Allen & Williams, Inc. v. Hills, 449 F. Supp. 492 (D.D.C. 1978). “” 24 C.F.R. § 300.11 (b). Emphasizing that the mortgage banking industry regularly operates in reliance upon oral representations, plaintiff insists that the delivery requirement was waived.”

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