24 CFR 1007.60 – Liability under guarantee
Current as of: 2024 | Check for updates
|
Other versions
The liability under a guarantee provided under this section shall decrease or increase on a pro rata basis according to any decrease or increase in the amount of the unpaid obligation under the provisions of the loan agreement involved.
Terms Used In 24 CFR 1007.60
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.