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US CodeTitle 42Chapter 24§ 2365

§ 2365

Amount of indemnity

42 U.S.C. § 2365.
1 min read
Subchapter: FINANCING
The indemnity obligation of the Commission specified in shall be for such amount, less the sales price of the property, as would have remained unpaid under a loan entered into on the date of the execution of the original deed by the Commission— ((1)) which was in the amount of the purchase price from the Commission and provided for equal monthly payments of principal and interest over a period of twenty years computed on the basis of the average interest and other charges recorded for property of the same class at the community; and ((2)) on which all payments due to the date when notice was received by the Commission had been made.

Release: pl-119-59 (2025-12-18)

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