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12 U.S.C. § 1701z — Payment of insurance benefits
Federal law — U.S. Code and appendices · legal_authorities
The mortgagee shall be entitled to receive the benefits of the insurance under this subchapter in the manner provided in subsection (g) of [section 1713 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713&num=0&edition=prelim) with respect to mortgages insured under that section. For such purpose the provisions of subsections (g), (h), (i), (j), (k), (l), and (n) of such section 1713 shall apply to mortgages insured under this subchapter and all references in such subsections to such section 1713 shall be deemed to refer to this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701z
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Stable record: federal_law:legal_authorities:record_usc_6d1c760244f51e704ea53a38
Source file: Laws/federal/codes/united-states-code/title-12/section-1701z-payment-of-insurance-benefits--0180265cd9.md
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Passage SHA-256: eb9728e56323d38b95df2f1f86d950e38bb56bed33c6d877cf4f7eca3e3cb180
Source location: Title 12, Chapter 13, § 1701z; chapter-013-national-housing.md
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The mortgagee shall be entitled to receive the benefits of the insurance under this subchapter in the manner provided in subsection (g) of [section 1713 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713&num=0&edition=prelim) with respect to mortgages insured under that section. For such purpose the provisions of subsections (g), (h), (i), (j), (k), (l), and (n) of such section 1713 shall apply to mortgages insured under this subchapter and all references in such subsections to such section 1713 shall be deemed to refer to this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
The right to redeem provided for by [section 2410(c) of title 28](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title28-section2410/c&num=0&edition=prelim), shall not arise in any case in which the subordinate lien or interest of the United States derives from the issuance of insurance under the National Housing Act, as amended [[12 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701&num=0&edition=prelim) et seq.].
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1713
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Purpose; authorization**
(1) In order to assist in lowering housing costs and improving housing standards, quality, livability, or durability or neighborhood design through the utilization of advanced housing technology, or experimental property standards, the Secretary is authorized to insure and to make commitments to insure, under this section, mortgages (including home improvement loans, and including advances on mortgages during construction) secured by properties including dwellings involving the utilization and testing of advanced technology in housing design, materials, or construction, or experimental property standards for neighborhood design if the Secretary determines that (A) the property is an acceptable risk, giving consideration to the need for testing advanced housing technology or experimental property standards, (B) the utilization and testing of the advanced technology or experimental property standards involved will provide data or experience which the Secretary deems to be significant in reducing housing costs or improving housing standards, quality, livability, or durability, or improving neighborhood design, and (C) the mortgages are eligible for insurance under the provisions of this section and under any further terms and conditions which may be prescribed by the Secretary to establish the acceptability of the mortgages for insurance.
(2) The Secretary is further authorized to insure and to make commitments to insure, under this section, mortgages (including advances on mortgages during construction) secured by properties in projects to be carried out in accordance with plans approved by the Secretary under [section 1701z of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z&num=0&edition=preli
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1735c
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Federal law — U.S. Code and appendices · legal_authorities
Page 492
TITLE 12—BANKS AND BANKING
§ 1701z
the Foundation shall, in its annual report or in
a separate report to the President and the Con-
gress, state its findings and make such rec-
ommendations for alternate means of financing
housing for such families as it deems appro-
priate.
(g) Audit of financial transaction; access to
records; report of audit; contents of report
(1) The financial transactions of the Founda-
tion shall be audited by the Government Ac-
countability Office in accordance with the prin-
ciples and procedures applicable to commercial
corporate transactions and under such rules and
regulations as may be prescribed by the Comp-
troller General of the United States. The rep-
resentatives of the Government Accountability
Office shall have access to all books, accounts,
financial records, reports, files, and all other pa-
pers, things, or property belonging to or in use
by the Foundation and necessary to facilitate
the audit, and they shall be afforded full facili-
ties for verifying transactions with the balances
or securities held by depositories, fiscal agents,
and custodians. The audit shall cover the fiscal
year corresponding to that of the United States
Government.
(2) A report of each such audit shall be made
by the Comptroller General to the Congress not
later than six and one-half months following the
close of the last year covered by such audit. The
report shall set forth the scope of the audit and
shall include a statement of assets and liabil-
ities, capital, and surplus or deficit; a statement
of sources and application of funds; and such
comments and information as may be deemed
necessary to keep the Congress informed of the
operations and financial condition of the Foun-
dation, together with such recommendations
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701z
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.