1. Regulations
  2. title 24
  3. chapter II
  4. part 200
  5. subpart E
  6. subjgrp 34
  7. § 200.162

View all text of Subjgrp 34 [§ 200.153 - § 200.162]

§ 200.162 - Certificates of claim.

The certificate of claim issued to the mortgagee at the time debentures are issued constitutes an agreement by the FHA that after the FHA has recovered its investment in a particular property any excess over and above such investment is available for payment on the certificate of claim. Certificates of claim bear interest at the rate of 3 percent per annum.

AUTHORITY: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24467, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 200.162