Code of Federal Regulations · Section
§ 1805.810 — Limitation On Liability
12 C.F.R. § 1805.810
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The liability of the CDFI Fund and the United States Government arising out of any assistance to a CDFI in accordance with this part shall be limited to the amount of the investment in the CDFI. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing in this section shall affect the application of any Federal tax law.
Authorizing Statute
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Establishment of national Fund for community development banking12 U.S.C. § 4703
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General authority of the Secretary31 U.S.C. § 321