24 CFR § 570.706 - Federal guarantee; subrogation.

---
identifier: "/us/cfr/t24/s570.706"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 570.706 - Federal guarantee; subrogation."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "570.706"
section_name: "Federal guarantee; subrogation."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
subchapter_number: "C"
subchapter_name: "COMMUNITY FACILITIES"
part_number: "570"
part_name: "COMMUNITY DEVELOPMENT BLOCK GRANTS"
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. 1701x, 1701 x-1; 42 U.S.C. 3535(d) and 5301-5320."
regulatory_source: "40 FR 24693, June 9, 1975, unless otherwise noted."
cfr_part: "570"
---


# 570.706 Federal guarantee; subrogation.

Section 108(f) of the Act provides for the incontestability of guarantees by HUD under subpart M of this part in the hands of a holder of such guaranteed obligations. If HUD pays a claim under a guarantee made under section 108 of the Act, HUD shall be fully subrogated for all the rights of the holder of the guaranteed debt obligation with respect to such obligation.

[61 FR 11481, Mar. 20, 1996]