On the recordFebruary 11, 2015
You agree, I assume, that the Housing Act, 12 U.S.C. 1711, says that you shall--shall--keep a 2 percent capital reserve.
Source
congress.govJeb Hensarling: “You agree, I assume, that the Housing Act, 12 U.S.C. 1711, says that you shall--shall--keep a 2 percent capital reserve.”
Editor's note · Context
Hensarling emphasizes the legal requirement for HUD to maintain a 2% capital reserve.
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