CFR > Title 24 > Subtitle B > Chapter XX > Part 3286 > Subpart H – Oversight and Enforcement in Hud-Administered States
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§ 3286.701 | Purpose |
§ 3286.703 | Failure to comply |
§ 3286.705 | Applicability of dispute resolution program |
Terms Used In CFR > Title 24 > Subtitle B > Chapter XX > Part 3286 > Subpart H - Oversight and Enforcement in Hud-Administered States
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC