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12 U.S.C. § 1701p — Definitions

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1701p — Definitions

As used in this subchapter— **(a)** The term “mortgage” means a first mortgage on real estate, in fee simple, or on a leasehold (1) under a lease for not less than ninety-nine years which is renewable; or (2) under a lease for a period of not less than fifty years to run from the date the mortgage was executed; and the term “first mortgage” means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby. **(b)** The term “mortgagee” includes the original lender under a mortgage, and his successors and assigns approved by the Secretary; and the term “mortgagor” includes the original borrower under a mortgage, his successors and assigns. **(c)** The term “maturity date” means the date on which the mortgage indebtedness would be extinguished if paid in accordance with periodic payments provided for in the mortgage. **(d)** The term “housing accommodations” means housing designed for occupancy by military personnel and their dependents, assigned to duty at or near the military installation where such housing units are constructed. **(e)** The term “personnel” shall include military and civilian personnel approved by the Secretary of Defense, or his designee, and the dependents of all such personnel. **(f)** The term “military” includes Army, Navy, Marine Corps, Air Force, and Coast Guard. **(g)** The term “State” includes the several States, and Puerto Rico, the District of Columbia, Guam, the Virgin Islands, the Canal Zone, and Midway Island.

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Source location: Title 12, Chapter 13, § 1701p; chapter-013-national-housing.md

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 1594e — Definitions

**(a)** Wherever the terms “Secretary of Defense” or “Secretary of the Army, Navy, or Air Force” appear in this title or in title VIII of the National Housing Act, as amended by the Housing Amendments of 1955 [[12 U.S.C. 1748](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1748&num=0&edition=prelim) et seq.], they shall be deemed to mean the Secretary of Transportation in the case of the application of the provisions of this subchapter or of title VIII of the National Housing Act, as amended by the Housing Amendments of 1955, for the benefit of the United States Coast Guard. **(b)** Wherever the term “armed services” appears in this subchapter it shall be deemed to include the United States Coast Guard.

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Federal law — U.S. Code and appendices · legal_authorities

6 U.S.C. § 542 — Federal air marshal program

(1) **Sense of Congress** — It is the sense of Congress that the Federal air marshal program is critical to aviation security. (2) **Limitation on statutory construction** — Nothing in this chapter, including any amendment made by this chapter, shall be construed as preventing the Under Secretary of Transportation for Security from implementing and training Federal air marshals.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1748d — Repealed. Pub. L. 101–73, title IV, § 407, Aug. 9, 1989, 103 Stat. 363

### Statutory Notes Section 1730f, act June 27, 1934, ch. 847, title IV, § 413, as added Dec. 22, 1974, Pub. L. 93–533, § 11(b), 88 Stat. 1729, related to disclosures with respect to certain federally related mortgage loans, identity of beneficiary interest as condition for loan, and report to Board. Section 1730g, act June 27, 1934, ch. 847, title IV, § 414, as added Mar. 31, 1980, Pub. L. 96–221, title V, § 522, 94 Stat. 165; amended Jan. 12, 1983, Pub. L. 97–457, § 33, 96 Stat. 2511, related to insured savings and loan associations. Section 1730h, act June 27, 1934, ch. 847, title IV, § 415, as added Aug. 10, 1987, Pub. L. 100–86, title IV, § 402(b), 101 Stat. 606, related to accounting principles and other standards and requirements. Section 1730i, act June 27, 1934, ch. 847, title IV, § 416, as added Aug. 10, 1987, Pub. L. 100–86, title IV, § 404(b), 101 Stat. 611, related to thrift industry recovery regulations. #### Savings Provision Any plan approved by the Federal Savings and Loan Insurance Corporation under former [section 1730i of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1730i&num=0&edition=prelim) for any State savings association to continue in effect as long as such association adheres to the plan and continues to submit to the Federal Deposit Insurance Corporation regular and complete reports on the progress in meeting the association’s goals under the plan, notwithstanding the repeal of that section, see section 302 of Pub. L. 101–73, set out as a Savings Provision note under [section 1467a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1467a&num=0&edition=prelim). #### Transfer of Functions For provisions relating to abolition of Federal Savings and Loan Ins

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1701p — Contents of report to President and Con-

Page 445 TITLE 12—BANKS AND BANKING § 1701p the Housing and Home Finance Agency pursuant to Reorganization Plan Numbered 23 of 1950 (64 Stat. 1279), to the extent of the net loss, as de- termined by the Secretary of the Treasury, sus- tained by said Agency in the liquidation of de- faulted loans. The net loss shall be the sum of the unpaid principal and advances for care and preservation of collateral, together with accrued and unpaid interest on said principal and ad- vances, and all expenses and costs (other than those subject to administrative expense limita- tions) in connection with the liquidation of de- faulted loans, less the amount actually realized by the Housing and Home Finance Agency on ac- count of such defaulted loans. (July 14, 1952, ch. 723, § 9, 66 Stat. 603.) Editorial Notes REFERENCES IN TEXT Reorganization Plan Numbered 23 of 1950, referred to in text, is set out in the Appendix to Title 5, Govern- ment Organization and Employees. CODIFICATION Section was enacted as part of the Housing Act of 1952, and not as part of the National Housing Act which comprises this chapter. Statutory Notes and Related Subsidiaries TRANSFER OF FUNCTIONS Functions, powers, and duties of Housing and Home Finance Agency and its Administrator transferred to and vested in Secretary of Housing and Urban Develop- ment by Pub. L. 89–174, § 5, Sept. 9, 1965, 79 Stat. 669, classified to section 3534 of Title 42, The Public Health and Welfare. TERMINATION AND LIQUIDATION OF RECONSTRUCTION FINANCE CORPORATION Termination on June 30, 1954, of Reconstruction Fi- nance Corporation and liquidation thereof, see sections 608 and 609 of Title 15, Commerce and Trade, and notes thereunder. Executive Documents ABOLITION OF RECONSTRUCTION FINANCE CORPORATION Secti

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