1. Regulations
  2. title 24
  3. chapter II
  4. part 213
  5. subpart B
  6. subjgrp 154
  7. § 213.279

View all text of Subjgrp 154 [§ 213.275 - § 213.280]

§ 213.279 - Maximum amount of distributive share.

In no event shall a distributive share of the Participating Reserve Account exceed the aggregate paid scheduled annual premiums of the mortgagor paid to the year of termination of the insurance or to the year of payment of the share, if paid prior to termination.

AUTHORITY: 12 U.S.C. 1715b, 1715e; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24553, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 213.279