24 C.F.R. § 221.780 Issuance of debentures.
Title 24 - Housing and Urban Development
Upon the exercise of the assignment option and the satisfactory performance of the requirements as to assignment set out in §207.258 of this chapter, the Commissioner shall issue the assignor mortgagee debentures having a total par value equal to the amount of the original principal obligation of the mortgage which was unpaid on the date of the assignment, plus accrued interest to such date. [59 FR 49816, Sept. 30, 1994]
Title 24: Housing and Urban Development
PART 221—LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE
Subpart D—Contract Rights and Obligations—Moderate Income Projects
§ 221.780 Issuance of debentures.
