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12 U.S.C. § 1441a–1 — Definitions
Federal law — U.S. Code and appendices · legal_authorities
For purposes of [section 1441a–2 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1441a-2&num=0&edition=prelim):
(1) **State housing finance authority** — The term “State housing finance authority” means any public agency, authority, or corporation which—
(A) serves as an instrumentality of any State or any political subdivision of any State; and
(B) functions as a source of residential mortgage loan financing in that State.
(2) **Nonprofit entity** — The term “nonprofit entity” means any not-for-profit corporation chartered under State law that is exempt from Federal taxation under [section 501(c) of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section501/c&num=0&edition=prelim) and no part of the net earnings of which inures to the benefit of any member, founder, contributor, or individual (including any nonprofit entity established by the corporation established under title IX of the Housing and Urban Development Act of 1968 [[42 U.S.C. 3931](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section3931&num=0&edition=prelim) et seq.]).
(3) **Mortgage-related assets** — The term “mortgage-related assets” means—
(A) residential mortgage loans secured by 1- to 4-family or multifamily dwellings; and
(B) real property improved with 1- to 4-family or multifamily residential dwellings,
which are located within the jurisdiction of the applicable State housing finance authority or within the geographical area served by the nonprofit entity.
(4) **Net income** — The term “net income” means income after deduction of all associated expenses calculated in accordance with generally accepted accounting principles.
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Source file: Laws/federal/codes/united-states-code/title-12/section-1441a1-definitions--f20af1b331.md
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Source location: Title 12, Chapter 11, § 1441a–1; chapter-011-federal-home-loan-banks.md
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For purposes of [section 1441a–2 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1441a-2&num=0&edition=prelim):
(1) **State housing finance authority** — The term “State housing finance authority” means any public agency, authority, or corporation which—
(A) serves as an instrumentality of any State or any political subdivision of any State; and
(B) functions as a source of residential mortgage loan financing in that State.
(2) **Nonprofit entity** — The term “nonprofit entity” means any not-for-profit corporation chartered under State law that is exempt from Federal taxation under [section 501(c) of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section501/c&num=0&edition=prelim) and no part of the net earnings of which inures to the benefit of any member, founder, contributor, or individual (including any nonprofit entity established by the corporation established under title IX of the Housing and Urban Development Act of 1968 [[42 U.S.C. 3931](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section3931&num=0&edition=prelim) et seq.]).
(3) **Mortgage-related assets** — The term “mortgage-related assets” means—
(A) residential mortgage loans secured by 1- to 4-family or multifamily dwellings; and
(B) real property improved with 1- to 4-family or multifamily residential dwellings,
which are located within the jurisdiction of the applicable State housing finance authority or within the geographical area served by the nonprofit entity.
(4) **Net income** — The term “net income” means income after deduction of all associated expenses calculated in accordance with generally accepted accounting principles.
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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
The Congress finds that the volume of housing being produced for families and individuals of low or moderate income must be increased to meet the national goal of a decent home and a suitable living environment for every American family, and declares that it is the policy of the United States to encourage the widest possible participation by private enterprise in the provision of housing for low or moderate income families. The Congress has therefore determined that one or more private organizations should be created to encourage maximum participation by private investors in programs and projects to provide low and moderate income housing.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Required disclosures by creditor** For each consumer credit transaction other than under an open end credit plan, the creditor shall disclose each of the following items, to the extent applicable:
(1) The identity of the creditor required to make disclosure.
(2)
(A) The “amount financed”, using that term, which shall be the amount of credit of which the consumer has actual use. This amount shall be computed as follows, but the computations need not be disclosed and shall not be disclosed with the disclosures conspicuously segregated in accordance with subsection (b)(1):
(i) take the principal amount of the loan or the cash price less downpayment and trade-in;
(ii) add any charges which are not part of the finance charge or of the principal amount of the loan and which are financed by the consumer, including the cost of any items excluded from the finance charge pursuant to [section 1605 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1605&num=0&edition=prelim); and
(iii) subtract any charges which are part of the finance charge but which will be paid by the consumer before or at the time of the consummation of the transaction, or have been withheld from the proceeds of the credit.
(B) In conjunction with the disclosure of the amount financed, a creditor shall provide a statement of the consumer’s right to obtain, upon a written request, a written itemization of the amount financed. The statement shall include spaces for a “yes” and “no” indication to be initialed by the consumer to indicate whether the consumer wants a written itemization of the amount financed. Upon receiving an affirmative indication, the creditor shall provide, at the time other disclosures are required to be furnished, a written
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Hybrid adjustable rate mortgages defined** For purposes of this section, the term “hybrid adjustable rate mortgage” means a consumer credit transaction secured by the consumer’s principal residence with a fixed interest rate for an introductory period that adjusts or resets to a variable interest rate after such period.
**(b) Notice of reset and alternatives** During the 1-month period that ends 6 months before the date on which the interest rate in effect during the introductory period of a hybrid adjustable rate mortgage adjusts or resets to a variable interest rate or, in the case of such an adjustment or resetting that occurs within the first 6 months after consummation of such loan, at consummation, the creditor or servicer of such loan shall provide a written notice, separate and distinct from all other correspondence to the consumer, that includes the following:
(1) Any index or formula used in making adjustments to or resetting the interest rate and a source of information about the index or formula.
(2) An explanation of how the new interest rate and payment would be determined, including an explanation of how the index was adjusted, such as by the addition of a margin.
(3) A good faith estimate, based on accepted industry standards, of the creditor or servicer of the amount of the monthly payment that will apply after the date of the adjustment or reset, and the assumptions on which this estimate is based.
(4) A list of alternatives consumers may pursue before the date of adjustment or reset, and descriptions of the actions consumers must take to pursue these alternatives, including—
(A) refinancing;
(B) renegotiation of loan terms;
(C) payment forbearances; and
(D) pre-foreclosure sales.
(5) The names, addresses, telephone numbers, and
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Federal law — U.S. Code and appendices · legal_authorities
Page 5997
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 3934
§§ 3912, 3913. Omitted
Editorial Notes
CODIFICATION
Sections were omitted pursuant to section 4528 of this
title, which terminated authority to guarantee bonds,
debentures, notes, or other obligations under this chap-
ter after Dec. 31, 1970, with exceptions now inappli-
cable.
Section 3912, Pub. L. 90–448, title IV, § 413, Aug. 1, 1968,
82 Stat. 517, set out functions, powers and duties of the
Secretary under this chapter.
Section 3913, Pub. L. 90–448, title IV, § 414, Aug. 1, 1968,
82 Stat. 517, related to audit of financial transactions of
those whose obligations are guaranteed under this
chapter.
§ 3914. Repealed. Pub. L. 98–181, title I [title IV,
§ 474(e)], Nov. 30, 1983, 97 Stat. 1239
Section, Pub. L. 90–448, title IV, § 415, Aug. 1, 1968, 82
Stat. 517, defined ‘‘land development’’, ‘‘actual costs’’,
and ‘‘new community assistance projects’’ for purposes
of this chapter.
CHAPTER 49—NATIONAL HOUSING
PARTNERSHIPS
Sec.
3931.
Congressional statement of purpose.
3932.
Creation of corporations.
3933.
Organization of corporation.
3934.
Board of Directors; membership; appoint-
ment; term.
3935.
Financing the corporation.
3936.
Purposes and powers of corporation.
3937.
National housing partnership.
3938.
Annual report of corporation; audit of ac-
counts.
3939.
Applicability of antitrust laws.
3940.
Reservation of right to repeal, alter, or
amend chapter.
3941.
State or local taxation or regulation; access
to judicial process.
§ 3931. Congressional statement of purpose
The Congress finds that the volume of housing
being produced for families and individuals of
low or moderate income must be increased to
meet the national goal of a decent home and a
suitable living enviro
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 3931
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