Regulations last checked for updates: Feb 16, 2025

Title 24 - Housing and Urban Development last revised: Feb 11, 2025
All TitlesTitle 24Chapter IIPart 203Subpart B - Subpart B—Contract Rights and Obligations
View all text of Subpart B [§ 203.251 - § 203.499]
§ 203.424 - Maximum amount of distributive shares.

In no event shall a distributive share of the Participating Reserve Account exceed the aggregate scheduled annual premiums of the mortgagor to the year of termination of the insurance.

authority: 12 U.S.C. 1707,1709,1710,1715b,1715z,1715u,and; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)
source: 36 FR 24508, Dec. 22, 1971, unless otherwise noted.
cite as: 24 CFR 203.424
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