7 CFR 3565.504 - Transfers.

Regulations last checked for updates: Oct 18, 2024

Title 7 - Agriculture last revised: Oct 11, 2024

View all text of Subpart K [§ 3565.501 - § 3565.550]

§ 3565.504 - Transfers.

(a) Loans and/or mortgage servicing on loans backing Ginnie Mae guaranteed securities may only be transferred to a Ginnie Mae issuer and may only be transferred with prior Ginnie Mae approval.

(b) Agency approval shall not be required for transfer of the servicing on the guaranteed mortgages to Ginnie Mae.

authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.

source: 63 FR 39458, July 22, 1998, unless otherwise noted.

cite as: 7 CFR 3565.504