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Notes

§213.279. Maximum amount of distributive share.

24 C.F.R. § 213.279

In no event shall a distributive share of the Participating Reserve Account exceed the aggregate paid scheduled annual premiums of the mortgagor paid to the year of termination of the insurance or to the year of payment of the share, if paid prior to termination.
Notes, amendments, and revision history

Authority

Authority: 12 U.S.C. 1715b, 1715e; 42 U.S.C. 3535(d).

Source

Source: 36 FR 24553, Dec. 22, 1971, unless otherwise noted.