Browse Arkansas Code titles and sections

12 U.S.C. § 1734 — Voluntary termination of insurance

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

12 U.S.C. § 1734 — Voluntary termination of insurance

Notwithstanding any other provision of this chapter and with respect to any loan or mortgage heretofore or hereafter insured under this chapter, except under [section 1703 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1703&num=0&edition=prelim) and except as specified under [section 1715z–15 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715z-15&num=0&edition=prelim) and subtitle B of the Emergency Low Income Housing Preservation Act of 1987,,11 So in original. the Secretary is authorized to terminate any insurance contract upon request by the borrower or mortgagor and the financial institution or mortgagee and upon payment of such termination charge as the Secretary determines to be equitable, taking into consideration the necessity of protecting the various insurance Funds. Upon such termination, borrowers and mortgagors and financial institutions and mortgagees shall be entitled to the rights, if any, to which they would be entitled under this chapter if the insurance contract were terminated by payment in full of the insured loan or mortgage.

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1734

Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.

Original supplied file — preserved unchanged

Download original Markdown file

File SHA-256: f32db8e71dbfd26573ff059d633be4cada9bdbf662ba970af8df7b3ec1f1fa1f. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.

Authority boundary: historical or unconfirmed source not current law verified.

Open the recorded source website ↗

Record provenance

Stable record: federal_law:legal_authorities:record_usc_c876b0419c9500aa6edc6d8a
Source file: Laws/federal/codes/united-states-code/title-12/section-1734-voluntary-termination-of-insurance--afd8de2df0.md
Pages: Not recorded – Not recorded
Passage SHA-256: f86396717d40bc227d4458cc781a0eea89fb67a3c2901c515bf1bffc3313dceb

Source location: Title 12, Chapter 13, § 1734; chapter-013-national-housing.md

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

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

12 U.S.C. § 1703 — Short title of amendment of 1942

The Act of May 26, 1942, ch. 319, 56 Stat. 301, may be cited as the “National Housing Act Amendments of 1942”.

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1703

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

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

12 U.S.C. § 4101 — General prepayment limitation

**(a) Prepayment and termination** An owner of eligible low-income housing may prepay, and a mortgagee may accept prepayment of, a mortgage on such housing only in accordance with a plan of action approved by the Secretary under this subchapter or in accordance with [section 4114 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4114&num=0&edition=prelim). An insurance contract with respect to eligible low-income housing may be terminated pursuant to [section 1715t of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715t&num=0&edition=prelim) only in accordance with a plan of action approved by the Secretary under this subchapter or in accordance with [section 4114 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4114&num=0&edition=prelim). **(b) Foreclosure** A mortgagee may foreclose the mortgage on, or acquire by deed in lieu of foreclosure, any eligible low-income housing project only if the mortgagee also conveys title to the project to the Secretary in connection with a claim for insurance benefits. **(c) Effect of unauthorized prepayment** Any prepayment of a mortgage on eligible low-income housing or termination of the mortgage insurance on such housing not in compliance with the provisions of this subchapter shall be null and void and any low-income affordability restrictions on the housing shall continue to apply to the housing.

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4101

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

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

12 U.S.C. § 1734 — Amendment, extension, or increase of

Page 784 TITLE 12—BANKS AND BANKING § 1732 1 See References in Text note below. 1 See References in Text note below. Editorial Notes PRIOR PROVISIONS A prior section 513 of act June 27, 1934, was renum- bered section 513A of act June 27, 1934, and is classified to section 1732 of this title. AMENDMENTS 1984—Pub. L. 98–479 substituted ‘‘Prohibition against transient housing’’ for ‘‘Prohibition against use of in- sured multifamily housing for transient or hotel pur- poses’’ in section catchline. 1967—Pub. L. 90–19 substituted ‘‘Secretary’’ for ‘‘Com- missioner’’ wherever appearing in subsecs. (b) to (d), (e)(1), (f), and (g). § 1732. Separability If any provision of this chapter, or the applica- tion thereof to any person or circumstances, is held invalid, the remainder of the chapter, and the application of such provision to other per- sons or circumstances, shall not be affected thereby. (June 27, 1934, ch. 847, title V, § 513A, formerly § 513, 48 Stat. 1265; renumbered Pub. L. 98–479, title II, § 204(a)(19), Oct. 17, 1984, 98 Stat. 2232.) Statutory Notes and Related Subsidiaries REFERENCES IN OTHER LAWS Pub. L. 98–479, title II, § 204(a)(19), Oct. 17, 1984, 98 Stat. 2232, provided in part that: ‘‘Any reference in any law, regulation, order, document, record, or other paper of the United States to the section redesignated in this paragraph [this section] hereby is deemed to refer to section 513A of the National Housing Act [this sec- tion].’’ § 1733. Application of other laws The provisions of section 1430(a)(1) 1 and 1430b of this title; the seventh paragraph of section 24 of this title; section 371 of this title; subsection (n) of section 77B of the Bankruptcy Act, as amended (49 Stat. 664); section 606i of title 15, continuing and exten

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1734

Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.