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12 U.S.C. § 1750 — Time of payment of premium charges
Federal law — U.S. Code and appendices · legal_authorities
In carrying out the provisions of subchapters I, II, IV,11 See References in Text note below. VII, VIII, IX–B, and X pertaining to the payment of loan or mortgage insurance premium charges by a financial institution, other mortgagees, or agent thereof to the Federal Government in connection with a loan or mortgage insurance program established pursuant to any of these subchapters, the Secretary shall require that payment of such premiums be made (1) in the case of loans or mortgages respecting one- to four-family residences, promptly upon their receipt from the borrower, and (2) in any other case, promptly when due to the Secretary; except that the Secretary may approve payment of such premiums within twenty-four months of such receipt or due date, as appropriate, if the financial institution, mortgagee, or agent thereof pays interest, at a rate specified by the Secretary, to the insurance fund for the period beginning twenty days after receipt from the borrower or after the due date, as appropriate, and ending upon payment of the premiums to the Federal Government.
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Stable record: federal_law:legal_authorities:record_usc_bffcefb48d871187ffaceb47
Source file: Laws/federal/codes/united-states-code/title-12/section-1750-time-of-payment-of-premium-charges--83e45dee49.md
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Source location: Title 12, Chapter 13, § 1750; chapter-013-national-housing.md
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In carrying out the provisions of subchapters I, II, IV,11 See References in Text note below. VII, VIII, IX–B, and X pertaining to the payment of loan or mortgage insurance premium charges by a financial institution, other mortgagees, or agent thereof to the Federal Government in connection with a loan or mortgage insurance program established pursuant to any of these subchapters, the Secretary shall require that payment of such premiums be made (1) in the case of loans or mortgages respecting one- to four-family residences, promptly upon their receipt from the borrower, and (2) in any other case, promptly when due to the Secretary; except that the Secretary may approve payment of such premiums within twenty-four months of such receipt or due date, as appropriate, if the financial institution, mortgagee, or agent thereof pays interest, at a rate specified by the Secretary, to the insurance fund for the period beginning twenty days after receipt from the borrower or after the due date, as appropriate, and ending upon payment of the premiums to the Federal Government.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization** In addition to mortgages insured under [section 1750b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1750b&num=0&edition=prelim), the Secretary is authorized to insure mortgages as defined in [section 1750 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1750&num=0&edition=prelim) (including advances on such mortgages during construction) which are eligible for insurance as hereinafter provided.
**(b) Eligibility requirements; release of part of property** To be eligible for insurance under this section a mortgage shall meet the following conditions:
(1) The mortgaged property shall be held by a mortgagor approved by the Secretary. The Secretary may, in his discretion, require such mortgagor to be regulated or restricted as to rents or sales, charges, capital structure, rate of return, and methods of operation. The Secretary may make such contracts with, and acquire for not to exceed $100 stock or interest in any such mortgagor, as the Secretary may deem necessary to render effective such restriction or regulation. Such stock or interest shall be paid for out of the General Insurance Fund, and shall be redeemed by the mortgagor at par upon the termination of all obligations of the Secretary under the insurance.
(2) The mortgage shall involve a principal obligation in an amount—
(A) not to exceed $5,000,000; and
(B) not to exceed 90 per centum of the amount which the Secretary estimates will be the value of the property or project when the proposed improvements are completed: Provided, That such mortgage shall not in any event exceed the amount which the Secretary estimates will be the cost of the completed physical improvements on the property or project
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701z–16
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Federal law — U.S. Code and appendices · legal_authorities
After June 30, 1953, no construction of permanent housing may be begun under subchapter IX of this chapter. After July 31, 1954, (a) no mortgage may be insured under title IX of the National Housing Act, as amended [[12 U.S.C. 1750](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1750&num=0&edition=prelim) et seq.] (except (i) pursuant to a commitment to insure issued on or before such date or (ii) after July 31, 1954, and until August 1, 1955, during such period, or for such project or projects, as the President may designate hereunder or (iii) pursuant to a commitment to insure issued pursuant to the preceding clause (ii)), (b) no agreement may be made to extend assistance for the provision of community facilities or services under subchapter IX of this chapter, and no construction of temporary housing or community facilities by the United States may be begun under such subchapter, except after July 31, 1954, and until August 1, 1955, during such period, or for such project or projects, as the President may designate hereunder: Provided, That to the extent necessary to assure the adequate completion of any facilities for which prior agreements have been made under subchapter IX, the Secretary of Housing and Urban Development may, at any time after July 31, 1954, enter into amendatory agreements under such subchapter involving the expenditure of additional Federal funds within the balance available therefor on or before such date, (c) no loan may be made or obligations purchased by the Secretary of Housing and Urban Development under [section 1701g–1 of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701g–1&num=0&edition=prelim) (except pursuant to a commitment issued on or before June 30, 1953, or to r
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1591c
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Federal law — U.S. Code and appendices · legal_authorities
Page 846
TITLE 12—BANKS AND BANKING
§ 1750
Section 1749bbb–15, act June 27, 1934, ch. 847, title XII,
§ 1245, formerly § 1235, as added Pub. L. 90–448, title XI,
§ 1103, Aug. 1, 1968, 82 Stat. 565; amended Pub. L. 91–152,
title IV, § 407, Dec. 24, 1969, 83 Stat. 396; renumbered
§ 1245, Pub. L. 91–609, title VI, § 602(d), Dec. 31, 1970, 84
Stat. 1789; amended Pub. L. 98–181, title I [title IV,
§ 452(b)(1)], Nov. 30, 1983, 97 Stat. 1230, related to study
of reinsurance and other programs, and report to the
President and Congress.
Section 1749bbb–16, act June 27, 1934, ch. 847, title XII,
§ 1246, formerly § 1236, as added Pub. L. 90–448, title XI,
§ 1103, Aug. 1, 1968, 82 Stat. 565; renumbered § 1246, Pub.
L. 91–609, title VI, § 602(d), Dec. 31, 1970, 84 Stat. 1789;
amended Pub. L. 98–181, title I [title IV, § 452(b)(1)], Nov.
30, 1983, 97 Stat. 1230, related to other studies and co-
operation with State insurance authorities and private
insurance industry.
Section 1749bbb–17, act June 27, 1934, ch. 847, title XII,
§ 1247, formerly § 1237, as added Pub. L. 90–448, title XI,
§ 1103, Aug. 1, 1968, 82 Stat. 566; renumbered § 1247, Pub.
L. 91–609, title VI, § 602(d), Dec. 31, 1970, 84 Stat. 1789;
amended Pub. L. 98–181, title I [title IV, § 452(b)(1), (4)],
Nov. 30, 1983, 97 Stat. 1230; Pub. L. 98–479, title II,
§ 202(a)(2), Oct. 17, 1984, 98 Stat. 2228, related to general
powers of Director.
Section 1749bbb–18, act June 27, 1934, ch. 847, title XII,
§ 1248, formerly § 1238, as added Pub. L. 90–448, title XI,
§ 1103, Aug. 1, 1968, 82 Stat. 566; renumbered § 1248, Pub.
L. 91–609, title VI, § 602(d), Dec. 31, 1970, 84 Stat. 1789;
amended Pub. L. 98–181, title I [title IV, § 452(b)(1)], Nov.
30, 1983, 97 Stat. 1230, related to utilization of services
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1750
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.