24 CFR § 266.130 - Reinsurance.
prev | next
§ 266.130 Reinsurance.
Reinsurance will be permitted for the portion of the HFA risk, subject to the following requirements:
(a) Neither HUD's nor the HFA's position shall be subordinated;
(b) The reinsurance may not be used to reduce any reserve or fund balance requirements; and
(c) Such reinsurance does not incur an obligation to the Federal Government.