24 CFR § 213.277 - Right and liability under the Cooperative Management Housing Insurance Fund.

---
identifier: "/us/cfr/t24/s213.277"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 213.277 - Right and liability under the Cooperative Management Housing Insurance Fund."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "213.277"
section_name: "Right and liability under the Cooperative Management Housing Insurance Fund."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR HOUSING—FEDERAL HOUSING COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "B"
subchapter_name: "MORTGAGE AND LOAN INSURANCE PROGRAMS UNDER NATIONAL HOUSING ACT AND OTHER AUTHORITIES"
part_number: "213"
part_name: "COOPERATIVE HOUSING MORTGAGE INSURANCE"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1715b, 1715e; 42 U.S.C. 3535(d)."
regulatory_source: "36 FR 24553, Dec. 22, 1971, unless otherwise noted."
cfr_part: "213"
---


# 213.277 Right and liability under the Cooperative Management Housing Insurance Fund.

No mortgagor or mortgagee shall have any vested right in a credit balance in either the General Surplus Account or the Participating Reserve Account. No mortgagor or mortgagee shall be subject to any liability arising under the mutuality of the Cooperative Management Housing Insurance Fund.