### Question
What is the definition of qualified housing finance agency?


### Answer
The definition of **qualified housing finance agency** is as follows in *12 U.S.C. § 1715z*:

> any State or local housing finance agency that—


(A) carries the designation of “top tier” or its equivalent, as evaluated by Standard and Poors or any other nationally recognized rating agency

#### Citation:
  - *12 U.S.C. § 1715z*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

