Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter XII - Federal Housing Finance Agency |
SubChapter E - Housing Goals and Mission |
Part 1291 - Federal Home Loan Banks' Affordable Housing Program |
Subpart F - Remedial Actions for Noncompliance |
§ 1291.61 - Recovery of subsidy for member noncompliance.
Latest version.
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§ 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.