Irrespective of whether the registration statement was filed in time, the rent was subject to reduction if it was excessive (Code of Fed. Reg., tit. 24, § 825.5, subd. [c]). The delay in filing the registration certificate merely rendered the landlord subject to liability for a refund in the event the rent was found to be excessive. No such finding was ever made nor was any proceeding instituted within the prescribed ninety-day period (Code of Fed. Reg., tit. 24, §...
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