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 |
§ 1291.65 - Transfer of Program administration.
Latest version.
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§ 1291.65 Transfer of Program administration.
Without limitation on other remedies, FHFA, upon determining that a Bank has engaged in mismanagement of its Program, may designate another Bank to administer all or a portion of the first Bank's annual AHP contribution, for the benefit of the first Bank's members, under such terms and conditions as FHFA may prescribe.