24 CFR § 300.5 - Creation and status.

---
identifier: "/us/cfr/t24/s300.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 300.5 - Creation and status."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "300.5"
section_name: "Creation and status."
chapter_name: "GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "300"
part_name: "GENERAL"
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. 1723a, unless otherwise noted, and 42 U.S.C. 3535(d)."
regulatory_source: "60 FR 42015, Aug. 14, 1995, unless otherwise noted."
cfr_part: "300"
---


# 300.5 Creation and status.

The Association is a Government corporation in the Department of Housing and Urban Development. It is derived from the Federal National Mortgage Association, which was partitioned by the Congress into two corporations effective September 1, 1968, one of which is the Association. The operations of the Association are conducted under its statutory charter contained in title III of the National Housing Act, 12 U.S.C. 1716, *et seq.*