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12 U.S.C. § 1701a — Short title of amendment of 1938
Federal law — U.S. Code and appendices · legal_authorities
Page 429
TITLE 12—BANKS AND BANKING
§ 1701a
amending sections 24, 1430, 1431, 1436, 1464, 1701, 1703,
1706c, 1709, 1710, 1711, 1713, 1715c, 1715e, 1715h, 1715j, 1716,
1717 to 1721, 1725, 1728, 1729, 1730, 1748b, 1749, 1750b, 1750c
and 1750g of this title; section 709 of Title 18, Crimes
and Criminal Procedure; section 272 of Title 20, Edu-
cation; section 694a of former Title 38, Pensions, Bo-
nuses, and Veterans’ Relief; section 459 of former Title
40; and sections 1407, 1410, 1415, 1416, 1451, 1452, 1453, 1454,
1455, 1456, 1457, 1459, 1460, 1481 to 1483, 1585, 1587, 1591c
and 1592a of Title 42; repealing sections 1701j, 1706,
1716–1 and 1716a of this title; section 456 of former Title
40; sections 1451a, 1461 and 1551 of Title 42; and sections
484e, 724, and 1426 of Title 48, Territories and Insular
Possessions; and enacting provisions set out as notes
under sections 1703, 1710, 1715n, 1715s, and 1716 of this
title; section 846 of former Title 31, Money and Finance;
and under sections 1434, 1446, and 1450 of Title 42] may
be cited as the ‘Housing Act of 1954’.’’
Act June 27, 1934, title III, § 312, as added Aug. 2, 1954,
ch. 649, § 201, 68 Stat. 622, provided that: ‘‘This title III
[enacting sections 1722 to 1723c of this title and amend-
ing sections 1716 to 1721 of this title] may be referred to
as the ‘Federal National Mortgage Association Charter
Act’.’’
SHORT TITLE OF 1953 AMENDMENT
Act June 30, 1953, ch. 170, § 1, 67 Stat. 121, provided:
‘‘This Act [enacting sections 1715j and 1735 of this title,
and sections 723 and 1425 of Title 48, Territories and In-
sular Possessions; amending sections 1701j, 1706c(b),
1709, 1711(c)(i), 1715d, 1715e(d), 1715h, 1716(a), 1716–1, 1717,
1748b(a), (b), 1749(a), 1750b(a), and 1750g(b) of this title,
sect
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Page 429
TITLE 12—BANKS AND BANKING
§ 1701a
amending sections 24, 1430, 1431, 1436, 1464, 1701, 1703,
1706c, 1709, 1710, 1711, 1713, 1715c, 1715e, 1715h, 1715j, 1716,
1717 to 1721, 1725, 1728, 1729, 1730, 1748b, 1749, 1750b, 1750c
and 1750g of this title; section 709 of Title 18, Crimes
and Criminal Procedure; section 272 of Title 20, Edu-
cation; section 694a of former Title 38, Pensions, Bo-
nuses, and Veterans’ Relief; section 459 of former Title
40; and sections 1407, 1410, 1415, 1416, 1451, 1452, 1453, 1454,
1455, 1456, 1457, 1459, 1460, 1481 to 1483, 1585, 1587, 1591c
and 1592a of Title 42; repealing sections 1701j, 1706,
1716–1 and 1716a of this title; section 456 of former Title
40; sections 1451a, 1461 and 1551 of Title 42; and sections
484e, 724, and 1426 of Title 48, Territories and Insular
Possessions; and enacting provisions set out as notes
under sections 1703, 1710, 1715n, 1715s, and 1716 of this
title; section 846 of former Title 31, Money and Finance;
and under sections 1434, 1446, and 1450 of Title 42] may
be cited as the ‘Housing Act of 1954’.’’
Act June 27, 1934, title III, § 312, as added Aug. 2, 1954,
ch. 649, § 201, 68 Stat. 622, provided that: ‘‘This title III
[enacting sections 1722 to 1723c of this title and amend-
ing sections 1716 to 1721 of this title] may be referred to
as the ‘Federal National Mortgage Association Charter
Act’.’’
SHORT TITLE OF 1953 AMENDMENT
Act June 30, 1953, ch. 170, § 1, 67 Stat. 121, provided:
‘‘This Act [enacting sections 1715j and 1735 of this title,
and sections 723 and 1425 of Title 48, Territories and In-
sular Possessions; amending sections 1701j, 1706c(b),
1709, 1711(c)(i), 1715d, 1715e(d), 1715h, 1716(a), 1716–1, 1717,
1748b(a), (b), 1749(a), 1750b(a), and 1750g(b) of this title,
sections 1402(10), 1456(e), 1460(g), 1591(a), 1591c, 1592d(c),
and 1592n(e) of Title 42, The Public Health and Welfare,
and section 2166(c) of the Appendix to Title 50, War and
National Defense; and enacting provisions set out as a
note under section 1463 of this title, relating to dissolu-
tion and abolishment of the Home Owners’ Loan Cor-
poration] may be cited as the ‘Housing Amendments of
1953’.’’
SHORT TITLE OF 1952 AMENDMENT
Act July 14, 1952, ch. 723, § 1, 66 Stat. 601, provided
that: ‘‘This Act [enacting sections 1701m, 1706d, and
1715i of this title and amending sections 1422, 1423, 1464,
1466, 1701g–2, 1707, 1713, 1715d, 1715h, 1716, 1717, 1726, 1736,
1745, 1747l, 1748, and 1750b of this title; sections 1481 to
1483, 1589a, 1592a, 1592l, and 1593 of Title 42, The Public
Health and Welfare; and sections 484 and 484d of Title
48, Territories and Insular Possessions] may be cited as
the ‘Housing Act of 1952’.’’
SHORT TITLE OF 1950 AMENDMENT
Act Apr. 20, 1950, ch. 94, § 1, 64 Stat. 48, provided that
‘‘This Act [enacting sections 1701j to 1701l, 1715e, 1715f,
and 1749 to 1749c of this title and sections 1581 to 1589
and 1590 of Title 42, The Public Health and Welfare;
amending sections 371, 1430, 1701c, 1703, 1705, 1706, 1706b,
1706c, 1707 to 1709, 1710 to 1715, 1715b, 1715c, 1716, 1717,
1720, 1721, 1736 to 1746, 1747 to 1747c, and 1747e to 1747l of
this title, section 1017 of Title 7, Agriculture, section
604 of Title 15, Commerce and Trade, and sections 1412,
1521 to 1524, 1532, 1533, 1542 to 1548, 1552, 1553, 1561, 1571,
1572, and 1575 of Title 42; and enacting provisions set
out as notes under sections 1701, 1701k, 1703, and 1709 of
this title, section 1017 of Title 7, and section 1412 of
Title 42] may be cited as the ‘Housing Act of 1950’.’’
SHORT TITLE OF 1948 AMENDMENT
Act Aug. 10, 1948, ch. 832, § 1, 62 Stat. 1268, provided
that: ‘‘This Act [enacting sections 1701c, 1701e to
1701g–3, 1702, 1703, 1709, 1710, 1713, 1716, 1738, 1743 to 1746,
and 1747 to 1747l of this title; section 846 of former Title
31, Money and Finance; section 694 of former Title 38,
Pensions, Bonuses, and Veterans’ Relief; and section
1404a of Title 42, The Public Health and Welfare] may
be cited as the ‘Housing Act of 1948’.’’
REGULATIONS
Pub. L. 106–569, title VIII, § 802, Dec. 27, 2000, 114 Stat.
3018, provided that: ‘‘The Secretary of Housing and
Urban Development (referred to in this title as the
‘Secretary’) shall issue any regulations to carry out
this title [see section 801 of Pub. L. 106–569, set out as
a Short Title of 2000 Amendment note above] and the
amendments made by this title that the Secretary de-
termines may or will affect tenants of federally as-
sisted housing only after notice and opportunity for
public comment in accordance with the procedure
under section 553 of title 5, United States Code, applica-
ble to substantive rules (notwithstanding subsections
(a)(2), (b)(B), and (d)(3) of such section). Notice of such
proposed rulemaking shall be provided by publication
in the Federal Register. In issuing such regulations,
the Secretary shall take such actions as may be nec-
essary to ensure that such tenants are notified of, and
provided an opportunity to participate in, the rule-
making, as required by such section 553.’’
SAVINGS PROVISION
Pub. L. 110–289, div. B, title I, § 2131, July 30, 2008, 122
Stat. 2843, provided that: ‘‘Any mortgage insured under
title II of the National Housing Act [12 U.S.C. 1707 et
seq.] before the date of enactment of this subtitle [July
30, 2008] shall continue to be governed by the laws, reg-
ulations, orders, and terms and conditions to which it
was subject on the day before the date of the enact-
ment of this subtitle.’’
IMPLEMENTATION
Pub. L. 110–289, div. B, title I, § 2132, July 30, 2008, 122
Stat. 2843, provided that: ‘‘The Secretary of Housing
and Urban Development shall by notice establish any
additional requirements that may be necessary to im-
mediately carry out the provisions of this subtitle [sub-
title A (§§ 2111–2133) of title I of div. B of Pub. L. 110–289,
see Short Title of 2008 Amendment note above]. The no-
tice shall take effect upon issuance.’’
PREFERENCES FOR NATIVE HAWAIIANS ON HAWAIIAN
HOME LANDS UNDER HUD PROGRAMS
Secretary of Housing and Urban Development to pro-
vide a preference to native Hawaiians for housing as-
sistance programs under this chapter for housing lo-
cated on Hawaiian home lands, see section 958 of Pub.
L. 101–625, set out as a note under section 1437f of Title
42, The Public Health and Welfare.
LIMITATION ON WITHHOLDING OR CONDITIONING OF
ASSISTANCE
Assistance provided for in Housing and Community
Development Act of 1974, National Housing Act, United
States Housing Act of 1937, Housing Act of 1949, Dem-
onstration Cities and Metropolitan Development Act of
1966, and Housing and Urban Development Acts of 1965,
1968, 1969, and 1970 not to be withheld or made subject
to conditions by reason of tax-exempt status of obliga-
tions issued or to be issued for financing of assistance,
except as otherwise provided by law, see section 817 of
Pub. L. 93–383, set out as a note under section 5301 of
Title 42, The Public Health and Welfare.
§ 1701a. Short title of amendment of 1938
The Act of February 3, 1938, ch. 13, 52 Stat. 8,
may be cited as the ‘‘National Housing Act
Amendments of 1938.’’
(Feb. 3, 1938, ch. 13, § 1, 52 Stat. 8.)
Editorial Notes
REFERENCES IN TEXT
The National Housing Act Amendments of 1938, re-
ferred to in text, enacted sections 1715a, 1715b, and 1733
of this title and amended sections 24, 1703, 1707 to 1709,
1710 to 1715, 1716, 1717, 1718, and section 1731 [see sec-
tions 433, 493, 657, 1006, and 1008 to 1010 of Title 18,
Crimes and Criminal Procedure] of this title.
Page 430
TITLE 12—BANKS AND BANKING
§ 1701b
1 So in original. Probably should refer to the Federal Housing
Finance Agency.
CODIFICATION
Section was enacted as part of the National Housing
Act Amendments of 1938, and not as part of the Na-
tional Housing Act which comprises this chapter.
§ 1701b. 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’’.
(May 26, 1942, ch. 319, § 15, 56 Stat. 305.)
Editorial Notes
REFERENCES IN TEXT
The National Housing Act Amendments of 1942, re-
ferred to in text, enacted section 1743 of this title,
amended heading of subchapter VI of this chapter [pre-
ceding section 1736 of this title], amended sections 1703,
1715c, 1737, 1738, 1739, and 1740 of this title, and enacted
provisions set out as a note under section 1743 of this
title.
CODIFICATION
Section was enacted as part of the National Housing
Act Amendments of 1942, and not as part of the Na-
tional Housing Act which comprises this chapter.
§ 1701c. Secretary of Housing and Urban Devel-
opment
In carrying out his functions, powers, and du-
ties—
(a) Employment of personnel; delegation of func-
tions
The Secretary of Housing and Urban Develop-
ment may appoint such officers and employees
as he may find necessary, which appointments
shall be subject to the civil-service laws and
chapter 51 and subchapter III of chapter 53 of
title 5. The Secretary may make such expendi-
tures as may be necessary to carry out his func-
tions, powers, and duties, and there are author-
ized to be appropriated to the Secretary, out of
any moneys in the Treasury not otherwise ap-
propriated, such sums as may be necessary to
carry out such functions, powers, and duties and
for administrative expenses in connection there-
with. The Secretary, without in any way reliev-
ing himself from final responsibility, may dele-
gate any of his functions and powers to such of-
ficers, agents, or employees as he may des-
ignate, may authorize such successive redelega-
tions of such functions and powers, as he may
deem desirable, and may make such rules and
regulations as may be necessary to carry out his
functions, powers, and duties.
(b) Omitted
(c) Additional powers and duties of Secretary
and Federal Home Loan Bank Board
The Secretary of Housing and Urban Develop-
ment, the Comptroller of the Currency, and the
Federal Deposit Insurance Corporation, respec-
tively, may, in addition to and not in derogation
of any powers and authorities conferred else-
where in this Act—
(1) with the consent of the agency or organi-
zation concerned, accept and utilize equip-
ment, facilities, or the services of employees
of any Federal, State, or local public agency
or instrumentality, educational institution, or
nonprofit agency or organization and, in con-
nection with the utilization of such services,
may make payments for transportation while
away from their homes or regular places of
business and per diem in lieu of subsistence en
route and at place of such service, in accord-
ance with the provisions of section 5703 of title
5;
(2) utilize, contract with and act through,
without regard to section 6101 of title 41, any
Federal, State, or local public agency or in-
strumentality,
educational
institution,
or
non-profit agency or organization with the
consent of the agency or organization con-
cerned, and any funds available to said officers
for carrying out their respective functions,
powers, and duties shall be available to reim-
burse or pay any such agency or organization;
and, whenever in the judgment of any such of-
ficer
necessary,
he
may
make
advance,
progress, or other payments with respect to
such contracts without regard to the provi-
sions of subsections (a) and (b) of section 3324
of title 31; and
(3) make expenditures for all necessary ex-
penses, including preparation, mounting, ship-
ping, and installation of exhibits; purchase
and exchange of technical apparatus; and such
other expenses as may, from time to time, be
found necessary in carrying out their respec-
tive functions, powers, and duties: Provided,
That funds made available for administrative
expenses in carrying out the functions, pow-
ers, and duties imposed upon the Secretary of
Housing and Urban Development and the Fed-
eral Home Loan Bank Agency,1 respectively,
by or pursuant to law may at their option be
consolidated into a single administrative ex-
pense fund accounts of such officer or agency
for expenditure by them, respectively, in ac-
cordance with the provisions hereof.
(d) Use of funds for library memberships
The Secretary of Housing and Urban Develop-
ment may utilize funds made available to him
for salaries and expenses for payment in advance
for dues or fees for library memberships in orga-
nizations (or for membership of the individual
librarians in organizations which will not accept
library membership) whose publications are
available to members only, or to members at a
price lower than to the general public, and for
payment in advance for publications available
only upon that basis or available at a reduced
price on prepublication order.
(Aug. 10, 1948, ch. 832, title V, § 502, 62 Stat. 1283;
Oct. 28, 1949, ch. 782, title XI, § 1106(a), 63 Stat.
972; Apr. 20, 1950, ch. 94, title V, § 503, 64 Stat. 80;
Pub. L. 87–70, title IX, § 909, June 30, 1961, 75
Stat. 192; Pub. L. 90–19, § 5(d)(1)–(3), (8)–(13), May
25, 1967, 81 Stat. 21; Pub. L. 98–479, title II,
§§ 202(b), 203(c), Oct. 17, 1984, 98 Stat. 2228, 2229;
Pub. L. 100–242, title V, § 570(a)(1), (3), Feb. 5,
1988, 101 Stat. 1949, 1950; Pub. L. 101–73, title III,
§ 306, Aug. 9, 1989, 103 Stat. 352; Pub. L. 111–203,
title III, § 370, July 21, 2010, 124 Stat. 1565.)
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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
### Statutory Notes
#### Codification
Section, which placed restrictions on loans, was from the Independent Offices Appropriation Act, 1953, act July 5, 1952, ch. 578, title III, § 301, 66 Stat. 415, and was not repeated in subsequent appropriation acts.
#### Similar Provisions
Similar provisions were contained in Aug. 31, 1951, ch. 376, title IV, § 401, 65 Stat. 287.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1707
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Federal law — U.S. Code and appendices · legal_authorities
Page 532
TITLE 12—BANKS AND BANKING
§ 1706f
new grants or loans to be made after Oct. 1, 1991, under
this section, see section 12839(a)(5), (b)(1) of Title 42,
The Public Health and Welfare.
§ 1706f. Prohibition against kickbacks and un-
earned fees
(a) In general
Except as provided in subsection (b), the provi-
sions of sections 2602, 2607, 2614, 2615, 2616, and
2617 of this title shall apply to each sale of a
manufactured home financed with an FHA-in-
sured loan or extension of credit, as well as to
services rendered in connection with such trans-
actions.
(b) Authority of the Secretary
The Secretary is authorized to determine the
manner and extent to which the provisions of
sections 2602, 2607, 2614, 2615, 2616, and 2617 of
this title may reasonably be applied to the
transactions described in subsection (a), and to
grant such exemptions as may be necessary to
achieve the purposes of this section.
(c) Definitions
For purposes of this section—
(1) the term ‘‘federally related mortgage
loan’’ as used in sections 2602, 2607, 2614, 2615,
2616, and 2617 of this title shall include an
FHA-insured loan or extension of credit made
to a borrower for the purpose of purchasing a
manufactured home that the borrower intends
to occupy as a personal residence; and
(2) the term ‘‘real estate settlement service’’
as used in sections 2602, 2607, 2614, 2615, 2616,
and 2617 of this title shall include any service
rendered in connection with a loan or exten-
sion of credit insured by the Federal Housing
Administration for the purchase of a manufac-
tured home.
(d) Unfair and deceptive practices
In connection with the purchase of a manufac-
tured home financed with a loan or extension of
credit insured by the Federal Housing Adminis-
tration under this subc
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1707
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 1707. This identifies an authority to review, not proof of applicability.