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12 U.S.C. § 1715z–23 — State constitutional and legal limits upon interest chargeable on loans, mortgages, or other interim financing arrangements; applicability; covered arrangements
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The provisions of the constitution of any State expressly limiting the amount of interest which may be charged, taken, received, or reserved by certain classes of lenders and the provisions of any law of that State expressly limiting the amount of interest which may be charged, taken, received, or reserved shall not apply to—
(1) any loan or mortgage which is secured by a one- to four-family dwelling and which is (A) insured under title I or II [[12 U.S.C. 1702](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1702&num=0&edition=prelim) et seq. or 1707 et seq.] of the National Housing Act, or (B) insured, guaranteed, or made under chapter 37 of title 38; or
(2) any temporary construction loan or other interim financing if at the time such loan is made or financing is arranged, the intention to obtain permanent financing substantially by means of loans or mortgages so insured, guaranteed, or made is declared.
**(b)** The provisions of this section shall apply to such loans, mortgages, or other interim financing made or executed in any State until the effective date (after June 30, 1976) of a provision of law of that State limiting the amount of interest which may be charged, taken, received, or reserved on such loans, mortgages, or financing.
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Source file: Laws/federal/codes/united-states-code/title-12/section-1715z23-state-constitutional-and-legal-limits-upon-interest-chargeable-on-loans--7ae3d901f9.md
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Source location: Title 12, Chapter 13, § 1715z–23; chapter-013-national-housing.md
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**(a)** The provisions of the constitution of any State expressly limiting the amount of interest which may be charged, taken, received, or reserved by certain classes of lenders and the provisions of any law of that State expressly limiting the amount of interest which may be charged, taken, received, or reserved shall not apply to—
(1) any loan or mortgage which is secured by a one- to four-family dwelling and which is (A) insured under title I or II [[12 U.S.C. 1702](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1702&num=0&edition=prelim) et seq. or 1707 et seq.] of the National Housing Act, or (B) insured, guaranteed, or made under chapter 37 of title 38; or
(2) any temporary construction loan or other interim financing if at the time such loan is made or financing is arranged, the intention to obtain permanent financing substantially by means of loans or mortgages so insured, guaranteed, or made is declared.
**(b)** The provisions of this section shall apply to such loans, mortgages, or other interim financing made or executed in any State until the effective date (after June 30, 1976) of a provision of law of that State limiting the amount of interest which may be charged, taken, received, or reserved on such loans, mortgages, or financing.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** For the purpose of this chapter, the term “housing loan” means a loan for any of the purposes specified by sections 3710(a) and 3712(a)(1) of this title.
**(b)** For the purposes of housing loans under this chapter—
(1) The term “World War II” (A) means the period beginning on September 16, 1940, and ending on July 25, 1947, and (B) includes, in the case of any veteran who enlisted or reenlisted in a Regular component of the Armed Forces after October 6, 1945, and before October 7, 1946, the period of the first such enlistment or reenlistment.
(2) The term “veteran” includes the surviving spouse of any veteran (including a person who died in the active military, naval, air, or space service) who died from a service-connected disability, but only if such surviving spouse is not eligible for benefits under this chapter on the basis of the spouse’s own active duty. The active duty or service in the Selected Reserve of the deceased spouse shall be deemed to have been active duty or service in the Selected Reserve by such surviving spouse for the purposes of this chapter.
(3) The term “veteran” also includes, for purposes of home loans, the spouse of any member of the Armed Forces serving on active duty who is listed, pursuant to [section 556 of title 37](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title37-section556&num=0&edition=prelim), United States Code, and regulations issued thereunder, by the Secretary concerned in one or more of the following categories and has been so listed for a total of more than ninety days: (A) missing in action, (B) captured in line of duty by a hostile force, or (C) forcibly detained or interned in line of duty by a foreign government or power. The active duty of the member shall be deemed to have been active dut
Source: Supplied U.S. Code snapshot — release unconfirmed · 38 U.S.C. § 3701
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Federal law — U.S. Code and appendices · legal_authorities
This chapter may be cited as the “National Housing Act.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1702
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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
Page 517
TITLE 12—BANKS AND BANKING
§ 1702
Editorial Notes
REFERENCES IN TEXT
The National Housing Act, referred to in subsecs.
(a)(2)(A), (D), (3)(A), (4)(C), and (c)(1), is act June 27,
1934, ch. 847, 48 Stat. 1246. Title II of the Act is classi-
fied generally to subchapter II (§ 1707 et seq.) of this
chapter. For complete classification of this Act to the
Code, see section 1701 of this title and Tables.
CODIFICATION
Section was enacted as part of the Energy Policy Act
of 1992, and not as part of the National Housing Act
which comprises this chapter.
Section was formerly classified as a note under sec-
tion 12712 of Title 42, The Public Health and Welfare.
AMENDMENTS
2008—Subsec. (a)(2)(C). Pub. L. 110–289, § 2123(1),
amended subpar. (C) generally. Prior to amendment,
text read as follows: ‘‘The cost of cost-effective energy
efficiency improvements shall not exceed the greater
of—
‘‘(i) 5 percent of the property value (not to exceed
$8,000); or
‘‘(ii) $4,000.’’
Subsec. (a)(2)(D). Pub. L. 110–289, § 2123(2), added sub-
par. (D).
Statutory Notes and Related Subsidiaries
SIMILAR PROVISIONS
Similar provisions were contained in Pub. L. 102–550,
title V, § 513, Oct. 28, 1992, 106 Stat. 3786.
§ 1701z–17. Increasing access and understanding
of energy efficient mortgages
(a) Definition
As used in this section, the term ‘‘energy effi-
cient mortgage’’ has the same meaning as given
that term in paragraph (24) of section 12704 of
title 42.
(b) Recommendations to eliminate barriers to
use of energy efficient mortgages
(1) In general
Not later than 180 days after July 30, 2008,
the Secretary of Housing and Urban Develop-
ment, in conjunction with the Secretary of
Energy and the Administrator of the Environ-
mental Protection Agency, shall consult
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1702
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