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42 U.S.C. § 8233 — Weatherization study
Federal law — U.S. Code and appendices · legal_authorities
Page 7543
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 8235
1 See References in Text note below.
administrative impediments there might be to
enforcement of such sanctions;
(5) the possible impact on sellers and pur-
chasers as a result of the implementation of
mandatory Federal actions, taking into ac-
count the experience of the Federal Govern-
ment in imposing mandatory requirements
concerning the purchase and sale of real prop-
erty as occurred under the Real Estate Settle-
ment Procedures Act of 1974 [12 U.S.C. 2601 et
seq.] and the Federal Disaster Protection Act
of 1973;
(6) an analysis of the effect of such a require-
ment on the economy as a whole and on the
Nation’s security as compared to the impact
on the credit and housing markets caused by
such a requirement;
(7) the effect of such a requirement on avail-
ability of credit in the housing industry;
(8) the extent to which the imposition of
mandatory Federal requirements would tem-
porarily reduce the number of residential
dwellings available for sale and the resulting
effect of such mandatory actions on the price
of those remaining dwelling units eligible for
sale; and
(9) the possible uncertainty, during the pe-
riod of developing the standards, as to what
standards might be imposed and any resulting
effect on major housing rehabilitation efforts
and voluntary efforts for energy conservation.
(c) Comments and findings by Secretary of En-
ergy
The Secretary shall incorporate into such
study comments by the Secretary of Energy on
the effects on the economy as a whole and on
the Nation’s security which may result from the
requirement described in subsection (a) as com-
pared to the impact on the credit and housing
markets likely to be caused by such a require-
ment. In addition, the S
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 8233
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Page 7543
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 8235
1 See References in Text note below.
administrative impediments there might be to
enforcement of such sanctions;
(5) the possible impact on sellers and pur-
chasers as a result of the implementation of
mandatory Federal actions, taking into ac-
count the experience of the Federal Govern-
ment in imposing mandatory requirements
concerning the purchase and sale of real prop-
erty as occurred under the Real Estate Settle-
ment Procedures Act of 1974 [12 U.S.C. 2601 et
seq.] and the Federal Disaster Protection Act
of 1973;
(6) an analysis of the effect of such a require-
ment on the economy as a whole and on the
Nation’s security as compared to the impact
on the credit and housing markets caused by
such a requirement;
(7) the effect of such a requirement on avail-
ability of credit in the housing industry;
(8) the extent to which the imposition of
mandatory Federal requirements would tem-
porarily reduce the number of residential
dwellings available for sale and the resulting
effect of such mandatory actions on the price
of those remaining dwelling units eligible for
sale; and
(9) the possible uncertainty, during the pe-
riod of developing the standards, as to what
standards might be imposed and any resulting
effect on major housing rehabilitation efforts
and voluntary efforts for energy conservation.
(c) Comments and findings by Secretary of En-
ergy
The Secretary shall incorporate into such
study comments by the Secretary of Energy on
the effects on the economy as a whole and on
the Nation’s security which may result from the
requirement described in subsection (a) as com-
pared to the impact on the credit and housing
markets likely to be caused by such a require-
ment. In addition, the Secretary shall incor-
porate into such study the following findings by
the Secretary of Energy:
(1) the savings in energy costs resulting from
the requirement described in subsection (a)
throughout the estimated remaining useful
life of the existing residential buildings to
which such requirement would apply; and
(2) the total cost per barrel of oil equivalent,
in obtaining the energy savings likely to re-
sult from such requirement, computed for
each class of existing residential buildings to
which such requirement would apply.
(d) Report date
The Secretary shall report, no later than one
year after November 9, 1978, to both Houses of
the Congress with regard to the findings made as
a result of such study along with any rec-
ommendations for legislative proposals which
the Secretary determines should be enacted
with respect to the subject of such study.
(Pub. L. 95–619, title II, § 253, Nov. 9, 1978, 92 Stat.
3236; Pub. L. 102–54, § 13(q)(12), June 13, 1991, 105
Stat. 281.)
Editorial Notes
REFERENCES IN TEXT
The Real Estate Settlement Procedures Act of 1974,
referred to in subsec. (b)(5), is Pub. L. 93–533, Dec. 22,
1974, 88 Stat. 1724, which is classified principally to
chapter 27 (§ 2601 et seq.) of Title 12, Banks and Bank-
ing. For complete classification of this Act to the Code,
see Short Title note set out under section 2601 of Title
12 and Tables.
The Federal Disaster Protection Act of 1973, referred
to in subsec. (b)(5), probably means the Flood Disaster
Protection Act of 1973, Pub. L. 93–234, Dec. 31, 1973, 87
Stat. 975, which enacted sections 4002, 4003, 4012a, 4104
to 4107, and 4128 of this title, amended sections 4001,
4013 to 4016, 4026, 4054, 4056, 4101, and 4121 of this title
and sections 24 and 1709–1 of Title 12, repealed section
4021 of this title, and enacted a provision set out as a
note under section 4001 of this title. For complete clas-
sification of this Act to the Code, see Short Title of
1973 Amendment note set out under section 4001 of this
title and Tables.
AMENDMENTS
1991—Subsec. (a). Pub. L. 102–54 substituted ‘‘Sec-
retary of Veterans Affairs’’ for ‘‘Administrator of Vet-
erans’ Affairs’’.
§ 8233. Weatherization study
The President shall conduct a study which
shall monitor the weatherization activities au-
thorized by this Act and amendments made
thereby and those weatherization activities un-
dertaken, independently of this Act and such
amendments. The President shall report to the
Congress within one year from November 9, 1978,
and annually thereafter, concerning—
(1) the extent of progress being made
through weatherization activities toward the
achievement of national energy conservation
goals;
(2) adequacy and costs of materials nec-
essary for weatherization activities; and
(3) the need for and desirability of modifying
weatherization activities authorized by this
Act, and amendments made thereby and of ex-
tending such activities to a broader range of
income groups than are being assisted under
this Act and such amendments.
(Pub. L. 95–619, title II, § 254, Nov. 9, 1978, 92 Stat.
3237.)
Editorial Notes
REFERENCES IN TEXT
This Act, referred to in text, is Pub. L. 95–619, Nov. 9,
1978, 92 Stat. 3206, known as the National Energy Con-
servation Policy Act. For complete classification of
this Act to the Code, see Short Title note set out under
section 8201 of this title and Tables.
Statutory Notes and Related Subsidiaries
TERMINATION OF REPORTING REQUIREMENTS
For termination, effective May 15, 2000, of provisions
in this section relating to the requirement that the
President report annually to Congress, see section 3003
of Pub. L. 104–66, as amended, set out as a note under
section 1113 of Title 31, Money and Finance, and the
last item on page 40 of House Document No. 103–7.
PART C—RESIDENTIAL ENERGY EFFICIENCY
PROGRAMS
§ 8235. ‘‘Residential building’’ defined
As used in this part, the term ‘‘residential
building’’ means any building used as a resi-
dence which is not a new building to which final
standards under sections 6833(a) and 6834 1 of this
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Congress finds that significant reforms in the real estate settlement process are needed to insure that consumers throughout the Nation are provided with greater and more timely information on the nature and costs of the settlement process and are protected from unnecessarily high settlement charges caused by certain abusive practices that have developed in some areas of the country. The Congress also finds that it has been over two years since the Secretary of Housing and Urban Development and the Administrator of Veterans’ Affairs submitted their joint report to the Congress on “Mortgage Settlement Costs” and that the time has come for the recommendations for Federal legislative action made in that report to be implemented.
**(b)** It is the purpose of this chapter to effect certain changes in the settlement process for residential real estate that will result—
(1) in more effective advance disclosure to home buyers and sellers of settlement costs;
(2) in the elimination of kickbacks or referral fees that tend to increase unnecessarily the costs of certain settlement services;
(3) in a reduction in the amounts home buyers are required to place in escrow accounts established to insure the payment of real estate taxes and insurance; and
(4) in significant reform and modernization of local recordkeeping of land title information.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2601
Stored review status: release_metadata_unconfirmed. The source passage cites 12 U.S.C. § 2601. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 1442
TITLE 12—BANKS AND BANKING
§ 2601
shall be entitled to escheat or take custody of
the sum payable on such money order, trav-
eler’s check, or similar written instrument, to
the extent of that State’s power under its own
laws to escheat or take custody of such sum,
subject to the right of the State of purchase to
recover such sum from the State of principal
place of business if and when the law of the
State of purchase makes provision for escheat
or custodial taking of such sum.
(Pub. L. 93–495, title VI, § 603, Oct. 28, 1974, 88
Stat. 1525.)
CHAPTER 27—REAL ESTATE SETTLEMENT
PROCEDURES
Sec.
2601.
Congressional findings and purpose.
2602.
Definitions.
2603.
Uniform settlement statement.
2604.
Home buying information booklets.
2605.
Servicing of mortgage loans and administra-
tion of escrow accounts.
2606.
Exempted transactions.
2607.
Prohibition against kickbacks and unearned
fees.
2608.
Title companies; liability of seller.
2609.
Limitation on requirement of advance depos-
its in escrow accounts.
2610.
Prohibition of fees for preparation of truth-
in-lending, uniform settlement, and escrow
account statements.
2611 to 2613. Repealed.
2614.
Jurisdiction of courts; limitations.
2615.
Contracts and liens; validity.
2616.
State laws unaffected; inconsistent Federal
and State provisions.
2617.
Authority of Bureau.
§ 2601. Congressional findings and purpose
(a) The Congress finds that significant reforms
in the real estate settlement process are needed
to insure that consumers throughout the Nation
are provided with greater and more timely infor-
mation on the nature and costs of the settle-
ment process and are protected from unneces-
sarily high settlement charges caused by certain
abusive practices that have develo
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2601
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 2601. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
The President shall conduct a study which shall monitor the weatherization activities authorized by this Act and amendments made thereby and those weatherization activities undertaken, independently of this Act and such amendments. The President shall report to the Congress within one year from November 9, 1978, and annually thereafter, concerning—
(1) the extent of progress being made through weatherization activities toward the achievement of national energy conservation goals;
(2) adequacy and costs of materials necessary for weatherization activities; and
(3) the need for and desirability of modifying weatherization activities authorized by this Act, and amendments made thereby and of extending such activities to a broader range of income groups than are being assisted under this Act and such amendments.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 8233
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.