1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter XII - FEDERAL HOUSING FINANCE AGENCY
  4. Subchapter E - HOUSING GOALS AND MISSION
  5. Part 1291 - FEDERAL HOME LOAN BANKS' AFFORDABLE HOUSING PROGRAM
  6. Subpart F - Remedial Actions for Noncompliance
  7. 12 CFR § 1291.61
12 CFR § 1291.61
Recovery of subsidy for member noncompliance
November 10, 2020
CFR

A Bank shall recover from a member the amount of any AHP subsidy (plus interest, if appropriate) not used in compliance with the commitments in the member's AHP application or the requirements of this part as a result of the actions or omissions of the member.

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§ 1291.60 Remedial actions for project noncompliance
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§ 1291.62 Bank reimbursement of AHP fund

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