enterprise

(3) Civil monetary penalties against GSE’s (A) In general If the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation is found by the Director of the Federal Housing Finance Agency to have a pattern or practice of purchasing loans in violation of the procedures established pursuant to subsection (b)(3), the Director of such Office shall assess a civil penalty against such enterprise in the amount provided under paragraph (5) of this subsection. (B) “Enterprise” defined For purposes of this subsection, the term “enterprise” means the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.

Source

42 USC § 4012a(f)(3)


Scoping language

None identified. Default scope is assumed to be the entire title.
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