§1007.60. Liability under guarantee.
24 C.F.R. § 1007.60
The liability under a guarantee provided under this section shall decrease or increase on a pro rata basis according to any decrease or increase in the amount of the unpaid obligation under the provisions of the loan agreement involved.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1715z-13b; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).
Source
Source: 67 FR 40776, June 13, 2002, unless otherwise noted.