reinsurance agreement
Defined in 1 place of the United States Code.
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.
Source
- 2000–present12 U.S.C. § 1715ZBanks and Banking · Definitions · for purposes of this subtitle