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12 U.S.C. § 4513 — Protection of taxpayers against liability
Federal law — U.S. Code and appendices · legal_authorities
This chapter may not be construed as obligating the Federal Government, either directly or indirectly, to provide any funds to the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks, or to honor, reimburse, or otherwise guarantee any obligation or liability of the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks. This chapter may not be construed as implying that any such enterprise or Bank, or any obligations or securities of such an enterprise or Bank, are backed by the full faith and credit of the United States.
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Stable record: federal_law:legal_authorities:record_usc_8ee47054252ddf59afafb20b
Source file: Laws/federal/codes/united-states-code/title-12/section-4513-protection-of-taxpayers-against-liability--d1e04e7e56.md
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Passage SHA-256: ab59cf962918d8134e8151911ce75f27c48bd8645bbf4dfb008b536e1122a5da
Source location: Title 12, Chapter 46, § 4513; chapter-046-government-sponsored-enterprises.md
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This chapter may not be construed as obligating the Federal Government, either directly or indirectly, to provide any funds to the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks, or to honor, reimburse, or otherwise guarantee any obligation or liability of the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks. This chapter may not be construed as implying that any such enterprise or Bank, or any obligations or securities of such an enterprise or Bank, are backed by the full faith and credit of the United States.
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Federal law — U.S. Code and appendices · legal_authorities
Any service required or authorized to be made by the Director under this subchapter may be made by registered mail, or in such other manner reasonably calculated to give actual notice as the Director may by regulation or otherwise provide.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4501
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** There is established the Federal Housing Finance Agency, which shall be an independent agency of the Federal Government.
**(b) General supervisory and regulatory authority**
(1) **In general** — Each regulated entity shall, to the extent provided in this chapter, be subject to the supervision and regulation of the Agency.
(2) **Authority over Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Office of Finance** — The Director shall have general regulatory authority over each regulated entity and the Office of Finance, and shall exercise such general regulatory authority, including such duties and authorities set forth under [section 4513 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4513&num=0&edition=prelim), to ensure that the purposes of this Act, the authorizing statutes, and any other applicable law are carried out.
**(c) Savings provision** The authority of the Director to take actions under subchapters II and III shall not in any way limit the general supervisory and regulatory authority granted to the Director under subsection (b).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4513a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority** The Director shall issue any regulations, guidelines, or orders necessary to carry out the duties of the Director under this chapter or the authorizing statutes, and to ensure that the purposes of this chapter and the authorizing statutes are accomplished.
**(b) Notice and comment** Any regulations issued by the Director under this section shall be issued after notice and opportunity for public comment pursuant to the provisions of [section 553 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section553&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4541
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Federal law — U.S. Code and appendices · legal_authorities
Page 1647
TITLE 12—BANKS AND BANKING
§ 4513
powers, and duties with respect to the over-
sight of the enterprises as the Director shall
prescribe.
(d) Deputy Director of the Division of Federal
Home Loan Bank Regulation
(1) In general
The Agency shall have a Deputy Director of
the Division of Federal Home Loan Bank Reg-
ulation, who shall be designated by the Direc-
tor from among individuals who are citizens of
the United States, have a demonstrated under-
standing of financial management or over-
sight, and have a demonstrated understanding
of the Federal Home Loan Bank System and
housing finance.
(2) Functions
The Deputy Director of the Division of Fed-
eral Home Loan Bank Regulation shall have
such functions, powers, and duties with re-
spect to the oversight of the Federal Home
Loan Banks as the Director shall prescribe.
(e) Deputy Director for Housing Mission and
Goals
(1) In general
The Agency shall have a Deputy Director for
Housing Mission and Goals, who shall be des-
ignated by the Director from among individ-
uals who are citizens of the United States, and
have a demonstrated understanding of the
housing markets and housing finance.
(2) Functions
The Deputy Director for Housing Mission
and Goals shall have such functions, powers,
and duties with respect to the oversight of the
housing mission and goals of the enterprises,
and with respect to oversight of the housing fi-
nance and community and economic develop-
ment mission of the Federal Home Loan
Banks, as the Director shall prescribe.
(3) Considerations
In exercising such functions, powers, and du-
ties, the Deputy Director for Housing Mission
and Goals shall consider the differences be-
tween the enterprises and the Federal Home
Loan Banks, including those described in sec-
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4513
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