24 C.F.R. § 203.434 Declaration of trust.
Title 24 - Housing and Urban Development
A sale of a beneficial interest in a group of insured mortgages, where the interest to be acquired is related to all of the mortgages as an entirety, rather than an interest in a specific mortgage shall be made only pursuant to a declaration of trust, which has been approved by the Commissioner prior to any such sale.
Title 24: Housing and Urban Development
PART 203—SINGLE FAMILY MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations
Sale, Assignment and Pledge of Insured Mortgage
§ 203.434 Declaration of trust.
