1. Regulations
  2. title 24
  3. chapter II
  4. part 221
  5. subpart D
  6. § 221.785

View all text of Subpart D [§ 221.751 - § 221.795]

§ 221.785 - Date of maturity of debentures.

The debentures issues pursuant to the exercise of an assignment option shall be dated as of the date the mortgage is assigned to the Commissioner and shall mature 10 years after such date.

AUTHORITY: 12 U.S.C. 1715b, 1715l, and 1735d; 42 U.S.C. 3535(d).

SOURCE: 36 FR 24587, Dec. 22, 1971, unless otherwise noted.

CITE AS: 24 CFR 221.785