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12 U.S.C. § 1709a — Housing for elderly persons advisory committee
Federal law — U.S. Code and appendices · legal_authorities
The Secretary of Housing and Urban Development shall establish, in accordance with the provisions of [section 1701h of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701h&num=0&edition=prelim), an advisory committee on matters relating to housing for elderly persons.
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Source file: Laws/federal/codes/united-states-code/title-12/section-1709a-housing-for-elderly-persons-advisory-committee--db40f5618d.md
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Source location: Title 12, Chapter 13, § 1709a; chapter-013-national-housing.md
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The Secretary of Housing and Urban Development shall establish, in accordance with the provisions of [section 1701h of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701h&num=0&edition=prelim), an advisory committee on matters relating to housing for elderly persons.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—**
(1) **Advisory committees in existence on january 5, 1973.—** — Each advisory committee that is in existence on January 5, 1973, shall terminate not later than the expiration of the 2-year period following that date unless—
(A) in the case of an advisory committee established by the President or an officer of the Federal Government, such advisory committee is renewed by the President or that officer by appropriate action prior to the expiration of such 2-year period; or
(B) in the case of an advisory committee established by an Act of Congress, its duration is otherwise provided for by law.
(2) **Advisory committees established after january 5, 1973.—** — Each advisory committee established after January 5, 1973, shall terminate not later than the expiration of the 2-year period beginning on the date of its establishment unless—
(A) in the case of an advisory committee established by the President or an officer of the Federal Government 11 So in original. Probably should be followed by a comma. such advisory committee is renewed by the President or such officer by appropriate action prior to the end of such period; or
(B) in the case of an advisory committee established by an Act of Congress, its duration is otherwise provided for by law.
**(b) Charters.—**
(1) **Upon renewal.—** — Upon the renewal of an advisory committee, the advisory committee shall file a charter in accordance with [section 1008(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section1008/c&num=0&edition=prelim).
(2) **Upon expiration of successive 2-year periods.—** — An advisory committee established by an Act of Congress shall file a charter in accordance with [section 1008(c) of this title](https://uscode.house.gov/view.x
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 1013
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Federal law — U.S. Code and appendices · legal_authorities
The purpose of this subchapter is to supplement the existing systems of mortgage insurance for rental housing under this chapter by a special system of insurance designed to encourage equity investment in rental housing at rents within the capacity of families of moderate income. To effectuate this purpose, the Secretary is authorized, upon application by the investor, to insure as hereinafter provided, and, prior to the execution of insurance contracts and upon such terms as the Secretary shall prescribe, to make commitments to insure, the minimum annual amortization charge and an annual return on the outstanding investment of such investor in any project which is eligible for insurance as hereinafter provided in an amount (herein called the “insured annual return”) equal to such rate of return, not exceeding 2¾ per centum per annum, on such outstanding investment as shall, after consultation with the Secretary of the Treasury, be fixed in the insurance contract or in the commitment to insure: Provided, That any insurance contract made pursuant to this subchapter shall expire as of the first day of the operating year for which the outstanding investment amounts to not more than 10 per centum of the established investment.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701h
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Federal law — U.S. Code and appendices · legal_authorities
Page 559
TITLE 12—BANKS AND BANKING
§ 1710
5, 1988, 101 Stat. 1907; Pub. L. 102–54, § 13(d)(1),
June 13, 1991, 105 Stat. 274.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Housing and Urban
Development Act of 1970, and not as part of the Na-
tional Housing Act which comprises this chapter.
AMENDMENTS
1991—Par. (1). Pub. L. 102–54 substituted ‘‘Department
of Veterans Affairs’’ for ‘‘Veterans’ Administration’’ in
two places.
1988—Pub. L. 100–242 inserted parenthetical reference
to condominiums and cooperatives in par. (1), sub-
stituted ‘‘due, regardless of whether the purchaser is
obligated on the loan’’ for ‘‘due’’ in par. (2), and sub-
stituted ‘‘$250,000’’ for ‘‘$5,000’’ and ‘‘5’’ for ‘‘three’’ in
closing provisions.
§ 1709a. Determination of loan-to-value ratios
The Secretary of Housing and Urban Develop-
ment, in establishing maximum loan-to-value
ratios for mortgages insured by him under the
National Housing Act [12 U.S.C. 1701 et seq.], as
amended by sections 101, 102, and 103 of this Act,
shall determine that such ratios are in the pub-
lic interest after taking into consideration (1)
the effect of such ratios on the national econ-
omy and on conditions in the building industry,
and (2) the availability or unavailability of resi-
dential mortgage credit assisted under the Serv-
icemen’s Readjustment Act of 1944, as amended.
(Pub. L. 85–104, title I, § 104, July 12, 1957, 71 Stat.
296; Pub. L. 90–19, § 14(a), May 25, 1967, 81 Stat.
24.)
Editorial Notes
REFERENCES IN TEXT
The National Housing Act, referred to in text, is act
June 27, 1934, ch. 847, 48 Stat. 1246, which is classified
principally to this chapter (§ 1701 et seq.). For complete
classification of this Act to the Code, see section 1701
of this title and Tab
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1709a
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