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guarantee fee

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 4547 — for purposes of this section

The term “guarantee fee”—

(A) means a fee described in subsection (b); and

(B) includes—

(i) the guaranty fee charged by the Federal National Mortgage Association with respect to mortgage-backed securities; and

(ii) the management and guarantee fee charged by the Federal Home Loan Mortgage Corporation with respect to participation certificates.