1. Regulations
  2. title 12
  3. chapter XII
  4. part 1291
  5. subpart F
  6. § 1291.61

View all text of Subpart F [§ 1291.60 - § 1291.65]

§ 1291.61 - Recovery of subsidy for member noncompliance.

A Bank shall recover from a member the amount of any AHP subsidy (plus interest, if appropriate) not used in compliance with the commitments in the member's AHP application or the requirements of this part as a result of the actions or omissions of the member.

AUTHORITY: 12 U.S.C. 1430(j).

SOURCE: 83 FR 61231, Nov. 28, 2018, unless otherwise noted.

CITE AS: 12 CFR 1291.61