1. Regulations
  2. title 12
  3. chapter XII
  4. part 1251
  5. § 1251.1

View all text of Part 1251 [§ 1251.1 - § 1251.4]

§ 1251.1 - Purpose.

The purpose of this part is to implement a prohibition against an Enterprise redirecting the cost of any allocation to the Housing Trust Fund or the Capital Magnet Fund to originators of mortgages purchased or securitized by an Enterprise.

AUTHORITY: 12 U.S.C. 1452(c), 1718(b), 4511(b), 4513(a), 4514(a), 4526(a), and 4567.

SOURCE: 79 FR 74597, Dec. 16, 2014, unless otherwise noted.

CITE AS: 12 CFR 1251.1