§200.156. Settlement of claims.
24 C.F.R. § 200.156
Upon the Secretary's approval of a claim, the claim will be settled by issuance of cash, debentures or both, and, in certain cases, by issuance of a certificate of claim. However, in the event a final claim is in a negative amount, the claim will be settled by the mortgagee's payment of cash or surrender of debentures at par plus accrued interest to the Secretary.
Notes, amendments, and revision history
Amendments
[61 FR 14404, Apr. 1, 1996]
Authority
Authority: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24467, Dec. 22, 1971, unless otherwise noted.
Amendments
[61 FR 14404, Apr. 1, 1996]