12 CFR 1251.1 - Purpose.

Regulations last checked for updates: Nov 23, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Part 1251 [§ 1251.1 - § 1251.4]

§ 1251.1 - Purpose.

The purpose of this part is to implement a prohibition against an Enterprise redirecting the cost of any allocation to the Housing Trust Fund or the Capital Magnet Fund to originators of mortgages purchased or securitized by an Enterprise.

authority: 12 U.S.C. 1452(c), 1718(b), 4511(b), 4513(a), 4514(a), 4526(a), and 4567

source: 79 FR 74597, Dec. 16, 2014, unless otherwise noted.

cite as: 12 CFR 1251.1