24 CFR 570.706 - Federal guarantee; subrogation.

§ 570.706 Federal guarantee; subrogation.
Section 108(f) of the Act provides for the incontestability of guarantees by HUD under subpart M of this part in the hands of a holder of such guaranteed obligations. If HUD pays a claim under a guarantee made under section 108 of the Act, HUD shall be fully subrogated for all the rights of the holder of the guaranteed debt obligation with respect to such obligation.
[61 FR 11481, Mar. 20, 1996]

Title 24 published on 2014-04-01

no entries appear in the Federal Register after this date.

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