12 U.S.C. § 1715a — Repealed. June 3, 1939, ch. 175, § 13, 53

Page 582 TITLE 12—BANKS AND BANKING § 1715a count or accounts, as the Commissioner shall deter- mine’’ for ‘‘shall be charged as a general expense of the Fund, the Housing Fund, and the Defense Housing In- surance Fund in such proportion as the Commissioner shall determine’’. 1950—Act Apr. 20, 1950, substituted ‘‘Commissioner’’ for ‘‘Administrator’’ wherever appearing. 1941—Act Mar. 28, 1941, substituted ‘‘Fund, the Hous- ing Fund, and the Defense Housing Insurance Fund’’ for ‘‘Fund and the Housing Fund’’. 1938—Act Feb. 3, 1938, inserted ‘‘and the Housing Fund in such proportion as the Administrator shall de- termine’’ after ‘‘Fund’’. § 1715a. Repealed. June 3, 1939, ch. 175, § 13, 53 Stat. 807 Section, act June 27, 1934, ch. 847, title II, § 210, as added by act Feb. 3, 1938, ch. 13, § 3, 52 Stat. 22, related to additional housing insurance. Statutory Notes and Related Subsidiaries APPLICATIONS PRIOR TO REPEAL Act June 3, 1939, ch. 175, § 13, 53 Stat. 807, which re- pealed this section, also provided: ‘‘That the Adminis- trator is authorized to insure under said section [this section] any mortgage for the insurance of which an ap- plication has been filed with him prior to the effective date of this act [June 3, 1939].’’ § 1715b. Rules and regulations The Secretary is authorized and directed to make such rules and regulations as may be nec- essary to carry out the provisions of this sub- chapter. (June 27, 1934, ch. 847, title II, § 211, as added Feb. 3, 1938, ch. 13, § 3, 52 Stat. 23; amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17.) Editorial Notes AMENDMENTS 1967—Pub. L. 90–19 substituted ‘‘Secretary’’ for ‘‘Com- missioner’’. 1950—Act Apr. 20, 1950, substituted ‘‘Commissioner’’ for ‘‘Administrator’’. Statutory Notes and Related Subsidiaries REGULATIONS Pub. L. 98–479, title I, § 104(f), Oct. 17, 1984, 98 Stat. 2226, required Secretary of Housing and Urban Develop- ment, not later than Oct. 31, 1984, to issue regulations to carry out amendments made to section 1715z–7 of this title by section 436 of Housing and Urban-Rural Re- covery Act of 1983, Pub. L. 98–181, title I [titles I–V]. § 1715c. Labor standards (a) The Secretary shall not insure under sec- tion 1713 or section 1715a of this title or under section 1743 of this title pursuant to any applica- tion for insurance filed subsequent to the effec- tive date of this section, or under section 1715e of this title, or under subchapter VII pursuant to any application filed subsequent to sixty days after April 20, 1950, or under section 1748b or 1748h–2 of this title, or under section 1750g of this title, a mortgage or investment which cov- ers property on which there is or is to be located a dwelling or dwellings, or a housing project, the construction of which was or is to be com- menced subsequent to such date, unless the prin- cipal contractor files a certificate or certificates (at such times, in course of construction or oth- erwise, as the Secretary may prescribe) certi- fying that the laborers and mechanics employed in the construction of the dwelling or dwellings or the housing project involved have been paid not less than the wages prevailing in the local- ity in which the work was performed for the cor- responding classes of laborers and mechanics employed on construction of a similar char- acter, as determined by the Secretary of Labor, in accordance with sections 3141–3144, 3146, and 3147 of title 40, prior to the beginning of con- struction and after the date of the filing of the application for insurance. The provisions of this section shall also apply to the insurance of any loan or mortgage under section 1715k or section 1715x of this title which covers property on which there is located a dwelling or dwellings designed principally for residential use for twelve or more families. The provisions of this section shall apply to the insurance under sec- tion 1715l of this title of any mortgage described in subsection (d)(3) or (d)(4) and (deeming the term ‘‘construction’’ as used in the first sen- tence of this subsection to mean rehabilitation) of any mortgage described in subsection (h)(1) or section 1715z(j)(1) of this title which covers prop- erty on which there is located a dwelling or dwellings designed principally for residential use for more than eight families; except that compliance with such provisions may be waived by the Secretary— (1) with respect to mortgages described in such subsection (d)(3) or (d)(4), in cases or classes of cases where laborers or mechanics (not otherwise employed at any time in the construction of the project) voluntarily do- nate their services without compensation for the purpose of lowering their housing costs in a cooperative housing project and the Sec- retary determines that any amounts saved thereby are fully credited to the cooperative undertaking the construction, and (2) with respect to mortgages described in such subsection (h)(1) or section 1715z(j)(1) of this title, in cases or classes of cases where prospective owners of such dwellings, volun- tarily donate their services without compensa- tion, or other persons (not otherwise employed at any time in the rehabilitation of the prop- erty) voluntarily donate their services with- out compensation, and the Secretary deter- mines that any amounts saved thereby are fully credited to the nonprofit organization undertaking the rehabilitation. The provisions of this section shall also apply to the insurance of any mortgage under sections 1715v, 1715w, or 1715z–1 of this title except that compliance with such provisions may be waived by the Secretary in cases or classes of cases where laborers or mechanics, not otherwise em- ployed at any time on the project, voluntarily donate their services without full compensation for the purpose of lowering the costs of con- struction and the Secretary determines that any amounts thereby saved are fully credited to the nonprofit corporation, association, or other or- ganization undertaking the construction. The provisions of this section shall also apply to the insurance of any mortgage under section