§320.13. Guaranty.
24 C.F.R. § 320.13
The Association guarantees the timely payment, whether or not collected, of the interest on the outstanding balance and the specified principal installments on securities that are registered on Ginnie Mae's central registry. The Association's guaranty is backed by the full faith and credit of the United States.
Notes, amendments, and revision history
Amendments
[64 FR 34107, June 24, 1999]
Authority
Authority: 12 U.S.C. 1721(g) and 1723a(a); and 42 U.S.C. 3535(d).
Source
Source: 60 FR 42015, Aug. 14, 1995, unless otherwise noted.
Amendments
[64 FR 34107, June 24, 1999]