24 C.F.R. § 203.421 Allocation of Mutual Mortgage Insurance Fund income or loss.
Title 24 - Housing and Urban Development
For any semiannual period in which Mutual Mortgage Insurance operations shall result in a net income, or loss, the Commissioner shall allocate, after taking into account the actuarial status of the entire Mutual Mortgage Insurance Fund, such net income or such loss to the General Surplus Account and/or to the Participating Reserve Account as the Commissioner may determine to be in accord with sound actuarial and accounting practice. In determining net income or loss, the Commissioner shall take into consideration all income received from fees, premiums and earnings on investments of the fund, operating expenses and provision for losses to the fund. [56 FR 18948, Apr. 24, 1991]
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations
Mutual Mortgage Insurance Fund and Distributive Shares
§ 203.421 Allocation of Mutual Mortgage Insurance Fund income or loss.
