---
kind: "section"
citation: "24 C.F.R. § 203.424"
title: "24"
number: "203.424"
heading: "Maximum amount of distributive shares."
url: "https://uscodex.org/cfr/24/203.424"
---

# §203.424. Maximum amount of distributive shares.


In no event shall a distributive share of the Participating Reserve Account exceed the aggregate scheduled annual premiums of the mortgagor to the year of termination of the insurance.


## Notes

### Authority

Authority: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16, 1715u, and 1715z-21; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.