42 U.S.C. § 2365 : US Code - Section 2365: Amount of indemnity

Search 42 U.S.C. § 2365 : US Code - Section 2365: Amount of indemnity

The indemnity obligation of the Commission specified in section
2363 of this title 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.