24 C.F.R. § 200.162 Certificates of claim.
Title 24 - Housing and Urban Development
The certificate of claim issued to the mortgagee at the time debentures are issued constitutes an agreement by the FHA that after the FHA has recovered its investment in a particular property any excess over and above such investment is available for payment on the certificate of claim. Certificates of claim bear interest at the rate of 3 percent per annum.
Title 24: Housing and Urban Development
PART 200—INTRODUCTION TO FHA PROGRAMS
Subpart E—Mortgage Insurance Procedures and Processing
Claims for Losses
§ 200.162 Certificates of claim.
