12 CFR § 1211.5 - Regulatory Interpretations.

---
identifier: "/us/cfr/t12/s1211.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1211.5 - Regulatory Interpretations."
title_number: 12
title_name: "Banks and Banking"
section_number: "1211.5"
section_name: "Regulatory Interpretations."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "A"
subchapter_name: "ORGANIZATION AND OPERATIONS"
part_number: "1211"
part_name: "PROCEDURES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 4511(b), 4513(a), 4526."
regulatory_source: "79 FR 64665, Oct. 31, 2014, unless otherwise noted."
cfr_part: "1211"
---


# 1211.5 Regulatory Interpretations.

(a) *Authority.* The General Counsel may, in his or her discretion, issue a Regulatory Interpretation to a regulated entity or the Office of Finance, providing guidance with respect to the application of any applicable statute, rule, regulation, or order to a proposed transaction or activity. The Director reserves the right to modify, rescind, or supersede a Regulatory Interpretation, with such action being effective only on a prospective basis.

(b) *Requests.* A regulated entity or the Office of Finance may request a Regulatory Interpretation in accordance with § 1211.6.