12 CFR § 1291.61 - Recovery of subsidy for member noncompliance.

---
identifier: "/us/cfr/t12/s1291.61"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1291.61 - Recovery of subsidy for member noncompliance."
title_number: 12
title_name: "Banks and Banking"
section_number: "1291.61"
section_name: "Recovery of subsidy for member noncompliance."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "E"
subchapter_name: "HOUSING GOALS AND MISSION"
part_number: "1291"
part_name: "FEDERAL HOME LOAN BANKS' AFFORDABLE HOUSING PROGRAM"
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. 1430(j)."
regulatory_source: "83 FR 61231, Nov. 28, 2018, unless otherwise noted."
cfr_part: "1291"
---


# 1291.61 Recovery of subsidy for member noncompliance.

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.