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7 U.S.C. § 1934 — Guaranteed rural housing loans; Hawaiian home lands
Federal law — U.S. Code and appendices · legal_authorities
**(a)** Rural Housing Loans which (1) are guaranteed by the Secretary under section 517(a)(2) 11 See References in Text note below. of the Housing Act of 1949 [[42 U.S.C. 1487(a)(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1487/a/2&num=0&edition=prelim)], (2) are made by other lenders approved by the Secretary to provide dwellings in rural areas for the applicants’ own use, and (3) bear interest and other charges at rates not above the maximum rates prescribed by the Secretary of Housing and Urban Development for loans made by private lenders for similar purposes and guaranteed by the Secretary of Housing and Urban Development under the National Housing Act [[12 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701&num=0&edition=prelim) et seq.] or superseding legislation shall not be subject to sections 501(c) and 502(b)(3) of the Housing Act of 1949 [[42 U.S.C. 1471(c)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1471/c&num=0&edition=prelim) and 1472(b)(3)].
**(b)** For the purposes of title V of the Housing Act of 1949 [[42 U.S.C. 1471](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1471&num=0&edition=prelim) et seq.] or this chapter, a guarantee of payment given under the color of law by the Department of Hawaiian Home Lands (or its successor in function) shall be found by the Secretary reasonably to assure repayment of any indebtedness so guaranteed.
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Source file: Laws/federal/codes/united-states-code/title-7/section-1934-guaranteed-rural-housing-loans-hawaiian-home-lands--0c20329a13.md
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Source location: Title 7, Chapter 50, § 1934; chapter-050-agricultural-credit.md
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**(a)** Rural Housing Loans which (1) are guaranteed by the Secretary under section 517(a)(2) 11 See References in Text note below. of the Housing Act of 1949 [[42 U.S.C. 1487(a)(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1487/a/2&num=0&edition=prelim)], (2) are made by other lenders approved by the Secretary to provide dwellings in rural areas for the applicants’ own use, and (3) bear interest and other charges at rates not above the maximum rates prescribed by the Secretary of Housing and Urban Development for loans made by private lenders for similar purposes and guaranteed by the Secretary of Housing and Urban Development under the National Housing Act [[12 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701&num=0&edition=prelim) et seq.] or superseding legislation shall not be subject to sections 501(c) and 502(b)(3) of the Housing Act of 1949 [[42 U.S.C. 1471(c)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1471/c&num=0&edition=prelim) and 1472(b)(3)].
**(b)** For the purposes of title V of the Housing Act of 1949 [[42 U.S.C. 1471](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1471&num=0&edition=prelim) et seq.] or this chapter, a guarantee of payment given under the color of law by the Department of Hawaiian Home Lands (or its successor in function) shall be found by the Secretary reasonably to assure repayment of any indebtedness so guaranteed.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization and purposes of assistance** The Secretary of Agriculture (hereinafter referred to as the “Secretary”) is authorized, subject to the terms and conditions of this subchapter, to extend financial assistance, through the Farmers Home Administration, (1) to owners of farms in the United States and in the Territories of Alaska and Hawaii and in the Commonwealth of Puerto Rico, the Virgin Islands, the territories and possessions of the United States, and the Trust Territory of the Pacific Islands, to enable them to construct, improve, alter, repair, or replace dwellings and other farm buildings on their farms, and to purchase buildings and land constituting a minimum adequate site, in order to provide them, their tenants, lessees, sharecroppers, and laborers with decent, safe, and sanitary living conditions and adequate farm buildings as specified in this subchapter, and (2) to owners of other real estate in rural areas for the construction, improvement, alteration, or repair of dwellings, related facilities, and farm buildings and to rural residents, including persons who reside in reservations or villages of Indian tribes, for such purposes and for the purchase of buildings and the purchase of land constituting a minimum adequate site, in order to enable them to provide dwellings and related facilities for their own use and buildings adequate for their farming operations, and (3) to elderly or handicapped persons or families who are or will be the owners of land in rural areas for the construction, improvement, alteration, or repair of dwellings and related facilities, the purchase of dwellings and related facilities and the purchase of land constituting a minimum adequate site, in order to provide them with adequate dwellings and related facilities for
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1471
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 2009ee, Pub. L. 107–171, title VI, § 6301, May 13, 2002, 116 Stat. 421, defined terms.
Section 2009ee–1, Pub. L. 107–171, title VI, § 6302, May 13, 2002, 116 Stat. 422, related to SEARCH grant program. See [section 1926 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926&num=0&edition=prelim).
Section 2009ee–2, Pub. L. 107–171, title VI, § 6303, May 13, 2002, 116 Stat. 424, related to annual report on projects.
Section 2009ee–3, Pub. L. 107–171, title VI, § 6304, May 13, 2002, 116 Stat. 424, related to funding.
#### Codification
Pub. L. 110–234 and Pub. L. 110–246 repealed this subchapter. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
#### Effective Date of Repeal
Repeal of this subchapter and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under [section 8701 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section8701&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1921
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Federal law — U.S. Code and appendices · legal_authorities
The Congress declares that the general welfare and security of the Nation and the health and living standards of its people require housing production and related community development sufficient to remedy the serious housing shortage, the elimination of substandard and other inadequate housing through the clearance of slums and blighted areas, and the realization as soon as feasible of the goal of a decent home and a suitable living environment for every American family, thus contributing to the development and redevelopment of communities and to the advancement of the growth, wealth, and security of the Nation. The Congress further declares that such production is necessary to enable the housing industry to make its full contribution toward an economy of maximum employment, production, and purchasing power. The policy to be followed in attaining the national housing objective established shall be: (1) private enterprise shall be encouraged to serve as large a part of the total need as it can; (2) governmental assistance shall be utilized where feasible to enable private enterprise to serve more of the total need; (3) appropriate local public bodies shall be encouraged and assisted to undertake positive programs of encouraging and assisting the development of well-planned, integrated residential neighborhoods, the development and redevelopment of communities, and the production, at lower costs, of housing of sound standards of design, construction, livability, and size for adequate family life; (4) governmental assistance to eliminate substandard and other inadequate housing through the clearance of slums and blighted areas, to facilitate community development and redevelopment, and to provide adequate housing for urban and rural nonfarm families with incomes so low th
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1441
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary of Housing and Urban Development shall collect and maintain information regarding early defaults on mortgages as provided under this section. The Secretary shall make such information available for public inspection upon request. Information shall be collected quarterly with respect to each applicable collection period (as such term is defined in subsection (c)) and shall be available for inspection not more than 30 days after the conclusion of the calendar quarter relating to each such period. Information shall first be made available under this section for the applicable collection period relating to the first calendar quarter ending more than 180 days after November 28, 1990.
**(b) Contents**
(1) **Mortgage lender analysis** — Information collected under this section shall include, for each lender originating mortgages during the applicable collection period that are insured pursuant to [section 1709 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1709&num=0&edition=prelim) and secured by property in a designated census tract, the following information with respect to such mortgages:
(A) The name of the lender and the number of each designated census tract in which the lender originated 1 or more such mortgages during the applicable collection period.
(B) The total number of such mortgages originated by such lender during the applicable collection period in each designated census tract and the number of mortgages originated each year in each designated census tract.
(C) The total number of defaults and foreclosures on such mortgages during the applicable collection period in each designated census tract and the number of defaults and foreclosures in each designated census tract in
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Period of repayment; interest rates**
(1) The period for repayment of loans under this subchapter shall not exceed forty years.
(2) Except as otherwise provided in paragraphs (3), (4), (5), and (6) of this subsection, the interest rates on loans under this subchapter shall be as determined by the Secretary, but not in excess of the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, plus not to exceed 1 per centum, as determined by the Secretary, and adjusted to the nearest one-eighth of 1 per centum.
(3)
(A) Notwithstanding the provisions of the constitution or laws of any State limiting the rate or amount of interest that may be charged, taken, received, or reserved, except as provided in paragraph (6), the interest rates on loans (other than guaranteed loans), to public bodies or nonprofit associations (including Indian tribes on Federal and State reservations and other federally recognized Indian tribal groups) for water and waste disposal facilities and essential community facilities shall be set by the Secretary at rates not to exceed the current market yield for outstanding municipal obligations with remaining periods to maturity comparable to the average maturity for such loans, and adjusted to the nearest one-eighth of 1 per centum; and not in excess of 5 per centum per annum for any such loans which are for the upgrading of existing facilities or construction of new facilities as required to meet applicable health or sanitary standards in areas where the median household income of the persons to be served by such facility is below the higher of 80 per centum of the statewide nonmetropolitan median household income or the povert
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1927a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** A direct loan (including a microloan, as defined by the Secretary) may be made under this subchapter only for—
(1) paying the costs incident to reorganizing a farm or ranch for more profitable operation;
(2) purchasing livestock, poultry, or farm or ranch equipment;
(3) purchasing feed, seed, fertilizer, insecticide, or farm or ranch supplies, or to meet other essential farm or ranch operating expenses, including cash rent;
(4) financing land or water development, use, or conservation;
(5) paying loan closing costs;
(6) assisting a farmer or rancher in changing the equipment, facilities, or methods of operation of a farm or ranch to comply with a standard promulgated under [section 655 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section655&num=0&edition=prelim) or a standard adopted by a State under a plan approved under [section 667 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section667&num=0&edition=prelim), if the Secretary determines that without assistance under this paragraph the farmer or rancher is likely to suffer substantial economic injury in complying with the standard;
(7) training a limited-resource borrower receiving a loan under [section 1934 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1934&num=0&edition=prelim) in maintaining records of farming and ranching operations;
(8) training a borrower under [section 2006a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006a&num=0&edition=prelim);
(9) refinancing the indebtedness of a borrower, if the borrower—
(A) has refinanced a loan under this subchapter not more than 4 times previously; and
(B)
(i) is a dire
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1943
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Federal law — U.S. Code and appendices · legal_authorities
In connection with loans made or insured under this chapter, the Secretary shall—
(1) require the applicant (A) to certify in writing, and the Secretary shall determine, that he is unable to obtain sufficient credit elsewhere to finance his actual needs at reasonable rates and terms, taking into consideration prevailing private and cooperative rates and terms in the community in or near which the applicant resides for loans for similar purposes and periods of time, and (B) to furnish an appropriate written financial statement;
(2) except with respect to a loan under section 1926, 1932, or 1944 of this title, require—
(A) an annual review of the credit history and business operation of the borrower; and
(B) an annual review of the continued eligibility of the borrower for the loan;
(3) except for guaranteed loans, require an agreement by the borrower that if at any time it shall appear to the Secretary that the borrower may be able to obtain a loan from a production credit association, a Federal land bank, or other responsible cooperative or private credit source (or, in the case of a borrower under [section 1934 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1934&num=0&edition=prelim), the borrower may be able to obtain a loan under [section 1922 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1922&num=0&edition=prelim)), at reasonable rates and terms for loans for similar purposes and periods of time, the borrower will, upon request by the Secretary, apply for and accept such loan in sufficient amount to repay the Secretary or the insured lender, or both, and to pay for any stock necessary to be purchased in a cooperative lending agency in connection with such loan;
(4) requi
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1983a
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Federal law — U.S. Code and appendices · legal_authorities
Page 424
TITLE 12—BANKS AND BANKING
§ 1701
Sec.
1735f–6.
Secondary mortgages held by State or
local governmental agency on insured
properties.
1735f–7.
Exemption from State usury laws; appli-
cability.
1735f–7a.
State constitution or laws limiting
mortgage interest, discount points,
and finance or other charges; exemp-
tion for obligations made after March
31, 1980.
1735f–8.
Time of payment of premium charges.
1735f–9.
Limitation on commitments to insure
loans and mortgages.
1735f–10.
Change of mortgagee status.
1735f–11.
Review of mortgagee performance and
authority to terminate.
1735f–12.
Assurance of adequate processing of ap-
plications for loan and mortgage insur-
ance.
1735f–13.
Prohibition of requirement of minimum
principal loan amount.
1735f–14.
Civil money penalties against mortga-
gees, lenders, and other participants in
FHA programs.
1735f–15.
Civil money penalties against multi-
family mortgagors.
1735f–16.
Annual audited financial statements.
1735f–17.
Examinations and sanctions for certain
violations.
1735f–18.
Information regarding early defaults and
foreclosures on insured mortgages.
1735f–19.
Partial payment of claims on defaulted
mortgages and in connection with
mortgage restructuring.
1735f–20.
Authorization of appropriations for Gen-
eral and Special Risk Insurance Funds.
1735g.
Mortgage relief for homeowners who are
unemployed as result of closing of Fed-
eral installation.
1735h.
Repealed.
SUBCHAPTER VI—WAR HOUSING INSURANCE
1736.
Definitions.
1737.
Repealed.
1738.
Insurance of mortgages.
1739.
Mortgage insurance benefits.
1740.
Repealed.
1741.
State taxation of realty held by Sec-
retary.
1742.
Rules and regulations.
1743.
Insurance of mortgages.
1744.
Insurance of loans for man
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
Page 4741
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 1471
1 So in original.
workable program requirements, transient housing, re-
moval of buildings, financial assistance for subsequent
annual increments, and modification of urban renewal
plans.
Statutory Notes and Related Subsidiaries
NEIGHBORHOOD DEVELOPMENT PROGRAMS BY DISTRICT
OF COLUMBIA REDEVELOPMENT LAND AGENCY
Pub. L. 90–448, title V, § 501(c), Aug. 1, 1968, 82 Stat.
520, provided that notwithstanding any requirement or
condition to the contrary in section 6 or 20(i) of the
District of Columbia Redevelopment Act of 1945 (act
Aug. 2, 1946, ch. 736, 60 Stat. 790, as amended), or any
other law, the District of Columbia Redevelopment
Land Agency was authorized to plan and undertake
neighborhood development programs under this part,
which programs would be regarded as complying with
sections 6 and 20(i) of that Act and any other provision
of law, if those programs were in compliance with this
part.
SUBCHAPTER III—FARM HOUSING
§ 1471. Financial assistance by Secretary of Agri-
culture
(a) Authorization and purposes of assistance
The Secretary of Agriculture (hereinafter re-
ferred to as the ‘‘Secretary’’) is authorized, sub-
ject to the terms and conditions of this sub-
chapter, to extend financial assistance, through
the Farmers Home Administration, (1) to owners
of farms in the United States and in the Terri-
tories of Alaska and Hawaii and in the Common-
wealth of Puerto Rico, the Virgin Islands, the
territories and possessions of the United States,
and the Trust Territory of the Pacific Islands, to
enable them to construct, improve, alter, repair,
or replace dwellings and other farm buildings on
their farms, and to purchase buildings and land
constituting a minimum adequate site, in order
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 1471
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority to make and insure loans for housing and buildings on adequate farms; amounts** The Secretary may insure loans meeting the requirements of [section 1472 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1472&num=0&edition=prelim), and may make loans in accordance with the requirements of such section to be sold and insured. The amount of such a loan to a low income person or family shall not exceed the amount necessary to provide adequate housing which is modest in size, design, and cost (as determined by the Secretary).
**(b) Authority to make and insure loans for housing and related facilities for domestic farm labor and elderly persons; transfer of notes, contracts, and mortgages from Agricultural Credit Insurance Fund; compensation** The Secretary may insure loans in accordance with the requirements of [section 1484 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1484&num=0&edition=prelim) (exclusive of subsections (a)(3), (a)(5), and (b) thereof), 1485 of this title (exclusive of subsections (a) and (b)(3) thereof), 1490d, and 1490f of this title, and may make loans meeting such requirements to be sold and insured. Upon the expiration of ninety days after the original capitalization of the Rural Housing Insurance Fund, created by subsection (e) of this section, no new loans shall be made or insured under section 1484 or 1485(b) of this title, except in conformity with this section. The notes held in the Agricultural Credit Insurance Fund ([section 1929 of title 7](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1929&num=0&edition=prelim)) which evidence loans made or insured by the Secretary under section 1484 or 1485(b) of this title, the
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1487
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