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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter III - Government National Mortgage Association, Department of Housing and Urban Development |
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Part 320 - Guaranty of Mortgage-Backed Securities |
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Subpart B - Bond-Type Securities |
§ 320.23 - Eligible issuers.
Latest version.
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§ 320.23 Eligible issuers.
Any corporation, trust, partnership, or other entity with a net worth acceptable to the Association as set forth in the Bond Guide, which has the capability to assemble acceptable and eligible mortgages in sufficient quantity to support required minimum issuances of securities and which meets such other requirements as are set forth in the Bond Guide, may be approved to issue and service bond-type securities guaranteed by the Association. Further, the Association reserves the right to limit the number of issuers in the interest of conducting an orderly market of securities of this type.