1. Regulations
  2. title 22
  3. chapter II
  4. part 221
  5. subpart C
  6. § 221.24

View all text of Subpart C [§ 221.21 - § 221.24]

§ 221.24 - Subrogation of A.I.D.

In the event of payment by A.I.D. to a Noteholder under this Guarantee, A.I.D. shall be subrogated to the extent of such payment to all of the rights of such Noteholder against the Borrower under the related Note.

AUTHORITY: 22 U.S.C. 2186.

SOURCE: 58 FR 14148, Mar. 16, 1993, unless otherwise noted.

CITE AS: 22 CFR 221.24