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12 U.S.C. § 1717a — Indexing of FHA multifamily housing loan limits

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1717a — Indexing of FHA multifamily housing loan limits

**(a) Method of indexing** The dollar amounts set forth in— (1) [section 1713(c)(3)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713/c/3/A&num=0&edition=prelim); (2) [section 1715e(b)(2)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715e/b/2/A&num=0&edition=prelim); (3) [section 1715k(d)(3)(B)(iii)(I) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715k/d/3/B/iii/I&num=0&edition=prelim); (4) section 1715l(d)(3)(ii)(I) of this title; (5) section 1715l(d)(4)(ii)(I) of this title; (6) [section 1715v(c)(2)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715v/c/2/A&num=0&edition=prelim); and (7) [section 1715y(e)(3)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715y/e/3/A&num=0&edition=prelim);(collectively hereinafter referred to as the “Dollar Amounts”) shall be adjusted annually (commencing in 2004) on the effective date of the Federal Reserve Board’s adjustment of the $400 figure in the Home Ownership and Equity Protection Act of 1994 (HOEPA). The adjustment of the Dollar Amounts shall be calculated using the percentage change in the Consumer Price Index for All Urban Consumers (CPI–U) as applied by the Federal Reserve Board for purposes of the above-described HOEPA adjustment. **(b) Notification** The Federal Reserve Board on a timely basis shall notify the Secretary, or his designee, in writing of the adjustment described in subsection (a) and of the effective date of such adjustment in order to permit the Secretary to undertake publication in the Federal Register of corresponding adjustments to the Dollar Amounts. The dollar

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Stable record: federal_law:legal_authorities:record_usc_0cabf91b74704d4ba47032ad
Source file: Laws/federal/codes/united-states-code/title-12/section-1717a-indexing-of-fha-multifamily-housing-loan-limits--fcd7c439c7.md
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Passage SHA-256: 2953baa92b987838b1a8a61f08269d5797f9a0085a7c1aebf1ac94580564c34a

Source location: Title 12, Chapter 13, § 1717a; chapter-013-national-housing.md

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**(a) Method of indexing** The dollar amounts set forth in— (1) [section 1713(c)(3)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713/c/3/A&num=0&edition=prelim); (2) [section 1715e(b)(2)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715e/b/2/A&num=0&edition=prelim); (3) [section 1715k(d)(3)(B)(iii)(I) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715k/d/3/B/iii/I&num=0&edition=prelim); (4) section 1715l(d)(3)(ii)(I) of this title; (5) section 1715l(d)(4)(ii)(I) of this title; (6) [section 1715v(c)(2)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715v/c/2/A&num=0&edition=prelim); and (7) [section 1715y(e)(3)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715y/e/3/A&num=0&edition=prelim);(collectively hereinafter referred to as the “Dollar Amounts”) shall be adjusted annually (commencing in 2004) on the effective date of the Federal Reserve Board’s adjustment of the $400 figure in the Home Ownership and Equity Protection Act of 1994 (HOEPA). The adjustment of the Dollar Amounts shall be calculated using the percentage change in the Consumer Price Index for All Urban Consumers (CPI–U) as applied by the Federal Reserve Board for purposes of the above-described HOEPA adjustment. **(b) Notification** The Federal Reserve Board on a timely basis shall notify the Secretary, or his designee, in writing of the adjustment described in subsection (a) and of the effective date of such adjustment in order to permit the Secretary to undertake publication in the Federal Register of corresponding adjustments to the Dollar Amounts. The dollar amount of any adjustment shall be rounded to the next lower dollar.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1601 — Congressional findings and declaration of purpose

**(a) Informed use of credit** The Congress finds that economic stabilization would be enhanced and the competition among the various financial institutions and other firms engaged in the extension of consumer credit would be strengthened by the informed use of credit. The informed use of credit results from an awareness of the cost thereof by consumers. It is the purpose of this subchapter to assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit, and to protect the consumer against inaccurate and unfair credit billing and credit card practices. **(b) Terms of personal property leases** The Congress also finds that there has been a recent trend toward leasing automobiles and other durable goods for consumer use as an alternative to installment credit sales and that these leases have been offered without adequate cost disclosures. It is the purpose of this subchapter to assure a meaningful disclosure of the terms of leases of personal property for personal, family, or household purposes so as to enable the lessee to compare more readily the various lease terms available to him, limit balloon payments in consumer leasing, enable comparison of lease terms with credit terms where appropriate, and to assure meaningful and accurate disclosures of lease terms in advertisements.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1746a — Federal National Mortgage Association and Government National Mortgage Association

**(a) Creation; succession; principal and other offices** (1) There is created a body corporate to be known as the “Federal National Mortgage Association”, which shall be in the Department of Housing and Urban Development. The Association shall have succession until dissolved by Act of Congress. It shall maintain its principal office in the District of Columbia and shall be deemed, for purposes of venue in civil actions, to be a resident thereof. Agencies or offices may be established by the Association in such other place or places as it may deem necessary or appropriate in the conduct of its business. (2) On September 1, 1968, the body corporate described in the foregoing paragraph shall cease to exist in that form and is hereby partitioned into two separate and distinct bodies corporate, each of which shall have continuity and corporate succession as a separated portion of the previously existing body corporate, as follows: (A) One of such separated portions shall be a body corporate without capital stock to be known as Government National Mortgage Association (hereinafter referred to as the “Association”), which shall be in the Department of Housing and Urban Development and which shall retain the assets and liabilities acquired and incurred under sections 1720 11 See References in Text note below. and 1721 of this title prior to such date, including any and all liabilities incurred pursuant to subsection (c). The Association shall have succession until dissolved by Act of Congress. It shall maintain its principal office in the District of Columbia and shall be deemed, for purposes of venue in civil actions, to be a resident thereof. Agencies or offices may be established by the Association in such other place or places as it may deem necessary or appropriate i

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1717a — Prohibition against sale of obligations by

Page 757 TITLE 12—BANKS AND BANKING § 1717a Executive Documents REORGANIZATION PLAN NO. 22 OF 1950 Eff. July 9, 1950, 15 F.R. 4365, 64 Stat. 1277 Prepared by the President and transmitted to the Sen- ate and the House of Representatives in Congress as- sembled, May 9, 1950, pursuant to the provisions of the Reorganization Act of 1949, approved June 20, 1949 [see 5 U.S.C. 901 et seq.]. FEDERAL NATIONAL MORTGAGE ASSOCIATION SECTION 1. TRANSFER OF ASSOCIATION AND ITS FUNCTIONS The Federal National Mortgage Association, together with its functions, is hereby transferred from the Re- construction Finance Corporation to the Housing and Home Finance Agency and shall be administered sub- ject to the direction and control of the Housing and Home Finance Administrator. SEC. 2. TRANSFERS TO THE HOUSING ADMINISTRATOR There are hereby transferred from the Reconstruc- tion Finance Corporation to the Housing and Home Fi- nance Administrator— (1) the notes of the Federal National Mortgage Asso- ciation payable to the Reconstruction Finance Cor- poration; (2) the capital stock of the Federal National Mort- gage Association; (3) the function of the Reconstruction Finance Cor- poration of making payments on its notes issued to the Secretary of the Treasury in an amount equal to (a) the unpaid principal of, and accrued interest on, the notes of the Federal National Mortgage Association trans- ferred under (1) above, (b) any funds of the Reconstruc- tion Finance Corporation transferred under the provi- sions of section 5 hereof, (c) the book value of any of- fice furniture and equipment of the Reconstruction Fi- nance Corporation transferred under the provisions of section 5 hereof, and (d) the par value of the capital stock of the Federal National Mortgage Association

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