42 U.S. Code § 2365 - Amount of indemnity
Amount of indemnityThe indemnity obligation of the Commission specified in section 2363 of this title shall be for such amount, less the sales price of the property, as would have remained unpaid under a loan entered into on the date of the execution of the original deed by the Commission—
which was in the amount of the purchase price from the Commission and provided for equal monthly payments of principal and interest over a period of twenty years computed on the basis of the average interest and other charges recorded for property of the same class at the community; and
(Aug. 4, 1955, ch. 543, ch. 6, § 65, 69 Stat. 479.)
LII has no control over and does not endorse any external Internet site that contains links to or references LII.