24 C.F.R. § 320.29 Guaranty.
Title 24 - Housing and Urban Development
With respect to bond-type securities, the Association will guarantee the timely payment of principal of and interest on such securities, subject to the terms and conditions of the securities. The Association's guaranty is backed by the full faith and credit of the United States.
Title 24: Housing and Urban Development
PART 320—GUARANTY OF MORTGAGE-BACKED SECURITIES
Subpart B—Bond-Type Securities
§ 320.29 Guaranty.