§ 235.310 - Execution of assistance payment contract.

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(a) Homeowners. The issuance of a mortgage insurance certificate pursuant to §235.1 et seq. shall also constitute the execution of the assistance payment contract with respect to the mortgage being insured.
(b) Cooperative members. The issuance of a certificate approving an application filed on behalf of a cooperative member shall constitute the execution of the assistance payment contract with respect to member named in the certificate.

                    
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