24 CFR § 320.29 - Guaranty.

---
identifier: "/us/cfr/t24/s320.29"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 320.29 - Guaranty."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "320.29"
section_name: "Guaranty."
chapter_name: "GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "320"
part_name: "GUARANTY OF MORTGAGE-BACKED SECURITIES"
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. 1721(g) and 1723a(a); and 42 U.S.C. 3535(d)."
regulatory_source: "60 FR 42015, Aug. 14, 1995, unless otherwise noted."
cfr_part: "320"
---


# 320.29 Guaranty.

With respect to bond-type securities, the Association will guarantee the timely payment of principal of and interest on such securities, subject to the terms and conditions of the securities. The Association's guaranty is backed by the full faith and credit of the United States.