Statutes, codes, and regulations
Code of Federal Regulations
Title 24 - HOUSING AND URBAN DEVELOPMENTSubtitle B - REGULATIONS RELATING TO HOUSING AND URBAN DEVELOPMENTChapter II - OFFICE OF ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTSubchapter B - MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIESPart 242 - MORTGAGE INSURANCE FOR HOSPITALS
Subpart A - GENERAL ELIGIBILITY REQUIREMENTS
Section 242.2 - Program financial self-sufficiency

24 C.F.R. § 242.2

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Current through October 31, 2024
Section 242.2 - Program financial self-sufficiency

The Commissioner shall administer the Section 242 program in such a way as to encourage financial self-sufficiency and actuarial soundness; i.e., to avoid mortgage defaults and claims for insurance benefits in order to protect the mortgage insurance fund.

24 C.F.R. § 242.2