24 C.F.R. § 213.279 Maximum amount of distributive share.
Title 24 - Housing and Urban Development
In no event shall a distributive share of the Participating Reserve Account exceed the aggregate paid scheduled annual premiums of the mortgagor paid to the year of termination of the insurance or to the year of payment of the share, if paid prior to termination.
Title 24: Housing and Urban Development
PART 213—COOPERATIVE HOUSING MORTGAGE INSURANCE
Subpart B—Contract Rights and Obligations—Projects
Cooperative Management Housing Insurance and Distributive Shares
§ 213.279 Maximum amount of distributive share.
