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12 U.S.C. § 1715w — Research and demonstrations; authorization of appropriations; continuing availability of funds
Federal law — U.S. Code and appendices · legal_authorities
The Secretary of Housing and Urban Development is authorized and directed to undertake such programs of research, studies, testing, and demonstration relating to the mission and programs of the Department as he determines to be necessary and appropriate. There is 11 So in original. Probably should be “are”. authorized to be appropriated to carry out this title [[12 U.S.C. 1701z–1](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z-1&num=0&edition=prelim) et seq.] $35,000,000 for fiscal year 1993 and $36,470,000 for fiscal year 1994.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1715w
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Stable record: federal_law:legal_authorities:record_usc_da87865f8464a9d02742b0e5
Source file: Laws/federal/codes/united-states-code/title-12/section-1715w-research-and-demonstrations-authorization-of-appropriations-continuing-a--f1a11b610c.md
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Source location: Title 12, Chapter 13, § 1715w; chapter-013-national-housing.md
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The Secretary of Housing and Urban Development is authorized and directed to undertake such programs of research, studies, testing, and demonstration relating to the mission and programs of the Department as he determines to be necessary and appropriate. There is 11 So in original. Probably should be “are”. authorized to be appropriated to carry out this title [[12 U.S.C. 1701z–1](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z-1&num=0&edition=prelim) et seq.] $35,000,000 for fiscal year 1993 and $36,470,000 for fiscal year 1994.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Congress finds that—
(1) disparate State laws under which the Secretary of Housing and Urban Development forecloses multifamily mortgages burden the programs administered by the Secretary pursuant to these authorities, and cause detriment to the residents of the affected projects and the community generally;
(2) long periods to complete the foreclosure of these mortgages under certain State laws lead to deterioration in the condition of the properties involved; necessitate substantial Federal management and holding expenditures; increase the risk of vandalism, fire loss, depreciation, damage, and waste with respect to the properties; and adversely affect the residents of the projects and the neighborhoods in which the properties are located;
(3) these conditions seriously impair the Secretary’s ability to protect the Federal financial interest in the affected properties and frustrate attainment of the objectives of the underlying Federal program authorities, as well as the national housing goal of “a decent home and a suitable living environment for every American family”;
(4) application of State redemption periods to these mortgages following their foreclosure would impair the salability of the properties involved and discourage their rehabilitation and improvement, thereby compounding the problems referred to in clause (3);
(5) the availability of a uniform and more expeditious procedure for the foreclosure of these mortgages by the Secretary and continuation of the practice of not applying postsale redemption periods to such mortgages will tend to ameliorate these conditions; and
(6) providing the Secretary with a nonjudicial foreclosure procedure will reduce unnecessary litigation by removing many foreclosures from the courts where they contribute
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 3701
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary shall, as soon as practicable after the end of each calendar year, make a report to the President for submission to the Congress on the activities of the Department during the preceding calendar year. The report required under this section shall include the reports required under paragraphs (2) and (6) of [section 3608(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section3608/e&num=0&edition=prelim), the reports required under subsections (a) and (b) of [section 4856 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4856&num=0&edition=prelim), the report required under section 1701o of title 12, and the report required under [section 3533(e)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section3533/e/2&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 3536
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary of Housing and Urban Development shall collect and maintain information regarding early defaults on mortgages as provided under this section. The Secretary shall make such information available for public inspection upon request. Information shall be collected quarterly with respect to each applicable collection period (as such term is defined in subsection (c)) and shall be available for inspection not more than 30 days after the conclusion of the calendar quarter relating to each such period. Information shall first be made available under this section for the applicable collection period relating to the first calendar quarter ending more than 180 days after November 28, 1990.
**(b) Contents**
(1) **Mortgage lender analysis** — Information collected under this section shall include, for each lender originating mortgages during the applicable collection period that are insured pursuant to [section 1709 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1709&num=0&edition=prelim) and secured by property in a designated census tract, the following information with respect to such mortgages:
(A) The name of the lender and the number of each designated census tract in which the lender originated 1 or more such mortgages during the applicable collection period.
(B) The total number of such mortgages originated by such lender during the applicable collection period in each designated census tract and the number of mortgages originated each year in each designated census tract.
(C) The total number of defaults and foreclosures on such mortgages during the applicable collection period in each designated census tract and the number of defaults and foreclosures in each designated census tract in
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701
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
**(a) Defaulted mortgages** Notwithstanding any other provision of law, if the Secretary is requested to accept assignment of a mortgage insured by the Secretary that covers a multifamily housing project (as such term is defined in [section 1701z–11(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z–11/b&num=0&edition=prelim)) or a health care facility (including a nursing home, intermediate care facility, or board and care home (as those terms are defined in [section 1715w of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715w&num=0&edition=prelim)), a hospital (as that term is defined in [section 1715z–7 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715z-7&num=0&edition=prelim)), or a group practice facility (as that term is defined in [section 1749aaa–5 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1749aaa-5&num=0&edition=prelim))) and the Secretary determines that partial payment would be less costly to the Federal Government than other reasonable alternatives for maintaining the low-income character of the project, or for keeping the health care facility operational to serve community needs, the Secretary may request the mortgagee, in lieu of assignment, to—
(1) accept partial payment of the claim under the mortgage insurance contract; and
(2) recast the mortgage, under such terms and conditions as the Secretary may determine.
**(b) Existing mortgages** Notwithstanding any other provision of law, the Secretary, in connection with a mortgage restructuring under section 514 of the Multifamily Assisted Housing Reform and Affordability Act of 1997, may make a one time, nondefault partial
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Projects covered** Notwithstanding any of the provisions of this chapter and without regard to limitations upon eligibility contained in any section or subchapter of this chapter, other than the limitation in [section 1709(g) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1709/g&num=0&edition=prelim), the Secretary is authorized, upon application by the mortgagee, to insure or make commitments to insure under any section or subchapter of this chapter any mortgage—
(1) executed in connection with the sale by the Government, or any agency or official thereof, of any housing acquired or constructed under Public Law 849, Seventy-sixth Congress, as amended; Public Law 781, Seventy-sixth Congress, as amended; or Public Laws 9, 73, or 353, Seventy-seventh Congress, as amended (including any property acquired, held, or constructed in connection with such housing or to serve the inhabitants thereof); or
(2) executed in connection with the sale by the Secretary of Housing and Urban Development, or by any public housing agency with the approval of the Secretary, of any housing (including any property acquired, held, or constructed in connection with such housing or to serve the inhabitants thereof) owned or financially assisted pursuant to the provisions of Public Law 671, Seventy-sixth Congress; or
(3) executed in connection with the sale by the Government, or any agency or official thereof, of any of the so-called Greenbelt towns, or parts thereof, including projects, or parts thereof, known as Greenhills, Ohio; Greenbelt, Maryland; and Greendale, Wisconsin, developed under the Emergency Relief Appropriation Act of 1935, or of any of the village properties or employee’s housing under the jurisdiction of Tennessee Valley Author
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1730f to 1730i
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization to insure; “supplemental loan” defined** With respect to a multifamily project, hospital, or group practice facility covered by a mortgage insured under any section or subchapter of this chapter or covered by a mortgage held by the Secretary, the Secretary is authorized, upon such terms and conditions as he may prescribe, to make commitments to insure, and to insure, supplemental loans (including advances during construction or improvement) made by financial institutions approved by the Secretary. As used in this section, “supplemental loan” means a loan, advance of credit, or purchase of an obligation representing a loan or advance of credit made for the purpose of financing improvements or additions to such project, hospital, or facility: Provided, That a loan involving a nursing home, hospital, or a group practice facility may also be made for the purpose of financing equipment to be used in the operation of such nursing home, hospital, or facility.
**(b) Eligibility for insurance** To be eligible for insurance under this section, a supplemental loan shall—
(1) be limited to 90 per centum of the amount which the Secretary estimates will be the value of such improvements, additions, and equipment, except that such amount when added to the outstanding balance of the mortgage covering the project or facility, shall not exceed the maximum mortgage amount insurable under the section or subchapter pursuant to which the mortgage covering such project or facility is insured or an amount acceptable to the Secretary;
(2) have a maturity satisfactory to the Secretary;
(3) bear interest at such rate as may be agreed upon by the borrower and the financial institution;
(4) be secured in such manner as the Secretary may require;
(5) be governed by the lab
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1735f–7a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Attorney General, in coordination with the Director of the Bureau of Prisons, shall, subject to the availability of appropriations, conduct the following activities to establish a Federal prisoner reentry initiative:
(1) The establishment of a Federal prisoner reentry strategy to help prepare prisoners for release and successful reintegration into the community, including, at a minimum, that the Bureau of Prisons—
(A) assess each prisoner’s skill level (including academic, vocational, health, cognitive, interpersonal, daily living, and related reentry skills) at the beginning of the term of imprisonment of that prisoner to identify any areas in need of improvement prior to reentry;
(B) generate a skills development plan for each prisoner to monitor skills enhancement and reentry readiness throughout incarceration;
(C) determine program assignments for prisoners based on the areas of need identified through the assessment described in subparagraph (A);
(D) ensure that priority is given to the reentry needs of high-risk populations, such as sex offenders, career criminals, and prisoners with mental health problems;
(E) coordinate and collaborate with other Federal agencies and with State, Tribal, and local criminal justice agencies, community-based organizations, and faith-based organizations to help effectuate a seamless reintegration of prisoners into communities;
(F) collect information about a prisoner’s family relationships, parental responsibilities, and contacts with children to help prisoners maintain important familial relationships and support systems during incarceration and after release from custody; and
(G) provide incentives for prisoner participation in skills development programs.
(2) Incentives for a prisoner
Source: Supplied U.S. Code snapshot — release unconfirmed · 34 U.S.C. § 60501
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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
Stored review status: release_metadata_unconfirmed. The source passage cites 12 U.S.C. § 1701z. This identifies an authority to review, not proof of applicability.
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. The source passage cites 12 U.S.C. § 1701z. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 643
TITLE 12—BANKS AND BANKING
§ 1715w
1 So in original. The word ‘‘a’’ probably should not appear.
and $19,250 per family unit with four or more bed-
rooms’’ for ‘‘and $17,000 per family unit with three or
more bedrooms’’ and ‘‘$20,000 per family unit with three
bedrooms, and $22,750 per family unit with four or more
bedrooms’’ for ‘‘and $20,000 per family unit with three
or more bedrooms’’.
Subsec. (c)(4). Pub. L. 89–117, § 1108(l)(1), substituted
‘‘General Insurance Fund’’ for ‘‘section 207 Housing In-
surance Fund’’.
Subsec. (e). Pub. L. 89–117, § 1108(l)(2), struck out ref-
erences to subsecs. (f), (m) and (p) of section 1713 of this
title.
1964—Subsec. (c)(2). Pub. L. 88–560, § 107(e), changed
limits on mortgages for property or project attrib-
utable to dwelling use from ‘‘$2,250 per room (or $9,000
per family unit if the number of rooms in such property
or project is less than four per family unit)’’ to ‘‘$8,000
per family unit without a bedroom, $11,250 per family
unit with one bedroom, $13,500 per family unit with two
bedrooms, and $17,000 per family unit with three or
more bedrooms’’, changed such mortgage limits on
project consisting of elevator-type structures from a
sum ‘‘of $2,250 per room to not to exceed $2,750 per
room, and the dollar amount limitation of $9,000 per
family unit to not to exceed $9,400 per family unit’’ to
dollar amount limitations ‘‘per family unit to not to
exceed $9,500 per family unit without a bedroom, $13,500
per family unit with one bedroom, $16,000 per family
unit with two bedrooms, and $20,000 per family unit
with three or more bedrooms’’, and substituted provi-
sions authorizing an increase ‘‘by not to exceed 45 per
centum’’ of any of such limits because of cost levels for
former provision aut
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1715w
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.