Assets acquired in liquidation of Portfolio securities.

CFR · 2024-01-01 · US · Title 7

(a) (b) (c) (2) You may incur reasonably necessary expenditures for improvements to render such assets saleable. (3) You may make payments of mortgage principal and interest (including amounts in arrears when you acquired the asset), pay taxes when due, and pay for necessary insurance coverage. (d) (1) Your total expenditures under paragraphs (c)(1) and (c)(2) of this section plus your total Financing(s) to the Portfolio Concern must not exceed your overline limit under § 4290.740; and (2) Your total expenditures under paragraph (b) of this section plus your total Financing(s) to the Portfolio Concern must not exceed 35 percent of your Regulatory Capital.

official document · source cfr-2024 · id 7:§ 4290.880