---
kind: "section"
citation: "24 C.F.R. § 203.434"
title: "24"
number: "203.434"
heading: "Declaration of trust."
url: "https://uscodex.org/cfr/24/203.434"
---

# §203.434. Declaration of trust.


A sale of a beneficial interest in a group of insured mortgages, where the interest to be acquired is related to all of the mortgages as an entirety, rather than an interest in a specific mortgage shall be made only pursuant to a declaration of trust, which has been approved by the Commissioner prior to any such sale.


## 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.