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reinsurance agreement

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1715Z — for purposes of this subtitle

The term “reinsurance agreement” means a contractual obligation under which the Secretary, in exchange for appropriate compensation, agrees to assume a specified portion of the risk of loss that a lender or other party has previously assumed with respect to a mortgage on a multifamily housing property.