§242.2. Program financial self-sufficiency.
24 C.F.R. § 242.2
The Commissioner shall administer the Section 242 program in such a way as to encourage financial self-sufficiency and actuarial soundness; i.e., to avoid mortgage defaults and claims for insurance benefits in order to protect the mortgage insurance fund.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1709, 1710, 1715b, 1715n(f), and 1715u; 42 U.S.C. 3535(d).
Source
Source: 72 FR 67546, Nov. 28, 2007, unless otherwise noted.