§ 1807.907 Limitation on liability.

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Title 12 CFR: Banks and Banking › Chapter XVIII: COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY › Part 1807: CAPITAL MAGNET FUND › Subpart I: Terms and Conditions of a CMF Award › § 1807.907: § 1807.907 Limitation on liability.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The liability of the CDFI Fund and the United States Government arising out of any CMF Award shall be limited to the amount of the CMF Award. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing in this section shall affect the application of any Federal tax law.

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