12 U.S.C. § 1704 — Repealed. Apr. 3, 1936, ch. 165, § 2, 49 Stat

Page 528 TITLE 12—BANKS AND BANKING § 1704 act (see 1954 Amendments note above), the words ‘‘ef- fective date of the Housing Act of 1954 [Act Aug. 2, 1954]’’ mean the first day after the first full calendar month following the date of approval of such act (Aug. 2, 1954). EFFECTIVE DATE OF 1950 AMENDMENT Act Apr. 20, 1950, ch. 94, title I, § 101(b), 64 Stat. 48, provided that ‘‘This section [amending this section] shall take effect as of March 1, 1950.’’ EFFECTIVE DATE OF 1949 AMENDMENT Act July 15, 1949, ch. 338, title II, § 202, 63 Stat. 421, provided that: ‘‘This title [amending this section and sections 1709 and 1738 of this title] shall take effect as of June 30, 1949.’’ EFFECTIVE DATE OF 1939 AMENDMENT Act June 3, 1939, ch. 175, § 4, 53 Stat. 805, provided that: ‘‘The provisions of sections 1, 2, and 3 of this Act [amending this section and repealing section 1706a of this title] shall take effect on July 1, 1939.’’ EFFECTIVE DATE OF 1936 AMENDMENT Act Apr. 3, 1936, ch. 165, § 1, 49 Stat. 1187, provided that the amendment made by that section is effective Apr. 1, 1936. INCONSISTENT LAWS Act Aug. 2, 1954, ch. 649, title VIII, § 818, 68 Stat. 648, provided that: ‘‘Insofar as the provisions of any other law are inconsistent with the provisions of this Act [see 1954 Short Title note set out under section 1701 of this title], the provisions of this Act shall be controlling.’’ POWERS AND AUTHORITIES OF ACT AUGUST 2, 1954 AS CUMULATIVE; SEPARABILITY Act Aug. 2, 1954, ch. 649, title VIII, § 819, 68 Stat. 648, provided that: ‘‘Except as may be otherwise expressly provided in this Act [see Short Title of 1954 Amend- ments note set out under section 1701 of this title], all powers and authorities conferred by this Act shall be cumulative and additional to and not in derogation of any powers and authorities otherwise existing. Not- withstanding any other evidences of the intention of Congress, it is hereby declared to be the controlling in- tent of Congress that if any provisions of this Act, or the application thereof to any persons or cir- cumstances, shall be adjudged by any court of com- petent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act or its application to other persons and cir- cumstances.’’ PURPOSES Pub. L. 110–289, div. B, title I, § 2142, July 30, 2008, 122 Stat. 2844, provided that: ‘‘The purposes of this subtitle [subtitle B (§§ 2141–2150) of title I of div. B of Pub. L. 110–289, see Short Title of 2008 Amendment note set out under section 1701 of this title] are— ‘‘(1) to provide adequate funding for FHA-insured manufactured housing loans for low- and moderate- income homebuyers during all economic cycles in the manufactured housing industry; ‘‘(2) to modernize the FHA title I insurance pro- gram for manufactured housing loans to enhance par- ticipation by Ginnie Mae and the private lending markets; and ‘‘(3) to adjust the low loan limits for title I manu- factured home loan insurance to reflect the increase in costs since such limits were last increased in 1992 and to index the limits to inflation.’’ TIMING Pub. L. 110–289, div. B, title I, § 2148(b), July 30, 2008, 122 Stat. 2847, provided that: ‘‘Not later than the expi- ration of the 6-month period beginning on the date of the enactment of this title [July 30, 2008], the Secretary of Housing and Urban Development shall revise the ex- isting underwriting criteria for the program referred to in paragraph (10) of section 2(b) of the National Housing Act [12 U.S.C. 1703(b)(10)] (as added by subsection (a) of this section) in accordance with the requirements of such paragraph.’’ ‘‘MOBILE HOME’’ AND ‘‘MANUFACTURED HOME’’ TO IN- CLUDE ‘‘MOBILE HOMES’’ AND ‘‘MANUFACTURED HOMES’’ Pub. L. 97–35, title III, § 339B(c), Aug. 13, 1981, 95 Stat. 417, provided that: ‘‘For purposes of paragraphs (1) and (4) of section 308(c) of the Housing and Community De- velopment Act of 1980 [amending sections 1703 and 1713 of this title, and section 5401 et seq. of Title 42, The Public Health and Welfare], the term ‘mobile home’ and the term ‘manufactured home’ shall be deemed to include the term ‘mobile homes’ and the term ‘manu- factured homes’, respectively.’’ DATA COLLECTION AND REPORTING PROCEDURES RE- SPECTING MEAN AND MEDIAN SALES PRICES ON MAN- UFACTURED HOMES AND LOTS; DEVELOPMENT, CON- TENTS, ETC. Pub. L. 96–399, title III, § 308(e), Oct. 8, 1980, 94 Stat. 1641, provided that: ‘‘Not later than January 1, 1982, the Secretary of Housing and Urban Development shall de- velop a procedure for collecting and regularly reporting data on the mean and median sales price for new manu- factured homes, and, where available, data on the mean and median sales price for manufactured home lots and combination new manufactured home and lot packages. Such reports shall contain, to the maximum extent fea- sible, sales price information for the Nation, each cen- sus region, each State on an annual basis, and selected standard metropolitan statistical areas having suffi- cient activity on an annual basis.’’ REPORT RESPECTING OWNERSHIP OF MOBILE HOME SITES Pub. L. 96–153, title III, § 321, Dec. 21, 1979, 93 Stat. 1119, required the Secretary of Housing and Urban De- velopment to submit a report to Congress by Mar. 31, 1980, containing recommendations for programs and policies which encourage individual ownership of mo- bile home lots through several methods. REPAYMENT TO TREASURY ON CAPITAL ACCOUNT OF SUBCHAPTER I INSURANCE FUND Act Mar. 10, 1953, ch. 5, § 2, 67 Stat. 5, directed the Federal Housing Commissioner to pay out of the cap- ital account of the Title I Insurance Fund to the Sec- retary of the Treasury, prior to June 30, 1954, the sum of $8,333,313.65 either in one lump sum or in install- ments, except that the first payment was to be made on July 1, 1953. § 1704. Repealed. Apr. 3, 1936, ch. 165, § 2, 49 Stat. 1188 Section, act June 27, 1934, ch. 847, title I, § 3, 48 Stat. 1247, related to loans to financial institutions. § 1705. Allocation of funds For the purposes of carrying out the provi- sions of this subchapter and subchapters II and III, the President, in his discretion, is author- ized to provide such funds or any portion thereof by allotment to the Secretary from any funds that are available, or may hereafter be made available, to the President for emergency pur- poses. (June 27, 1934, ch. 847, title I, § 4, 48 Stat. 1247; June 30, 1947, ch. 166, title II, § 206(l), 61 Stat. 208; Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub.