24 C.F.R. § 320.13   Guaranty.


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 320—GUARANTY OF MORTGAGE-BACKED SECURITIES
Subpart A—Pass-Through Type Securities

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§ 320.13   Guaranty.

The Association guarantees the timely payment, whether or not collected, of the interest on the outstanding balance and the specified principal installments on securities that are registered on Ginnie Mae's central registry. The Association's guaranty is backed by the full faith and credit of the United States.

[64 FR 34107, June 24, 1999]

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