![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 7 - Agriculture |
![]() |
Subtitle B - Regulations of the Department of Agriculture |
![]() |
Chapter XXXV - Rural Housing Service, Department of Agriculture |
![]() |
Part 3565 - Guaranteed Rural Rental Housing Program |
![]() |
Subpart K - Agency Guaranteed Loans That Back Ginnie Mae Guaranteed Securities |
§ 3565.505 - Liability.
Latest version.
-
§ 3565.505 Liability.
(a) Ginnie Mae shall not be liable for the actions of the lender including, but not limited to, negligence, fraud, abuse, misrepresentation or misuse of funds, property condition, or violations of usury laws.
(b) Ginnie Mae's rights under the guarantee shall be fully enforceable notwithstanding the actions of the lender.