Code of Federal Regulations · Section
§ 1250.1 — Purpose
12 C.F.R. § 1250.1
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The purpose of this part is to set forth the responsibilities of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (collectively, Enterprises) under the Flood Disaster Protection Act of 1973 (FDPA), as amended (42 U.S.C. 4002 et seq.) and the procedures to be used by the Federal Housing Finance Agency (FHFA) in any proceeding to assess civil money penalties against an Enterprise.
Authorizing Statute
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Additional Congressional findings and declaration of purpose42 U.S.C. § 4002
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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Congressional findings and declaration of purpose42 U.S.C. § 4001
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Annual reports by Director12 U.S.C. § 4521
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Mode of recovery28 U.S.C. § 2461