12 U.S.C. § 1735f–6 — Secondary mortgages held by State or local governmental agency on insured properties

FEDERAL · 12 U.S.C. · Chapter 13

Secondary mortgages held by State or local governmental agency on insured properties

12 U.S.C. § 1735f–6

Chapter13 — NATIONAL HOUSING

SubchapterV

Current throughPub. L. 119-99

This text of 12 U.S.C. § 1735f–6 (Secondary mortgages held by State or local governmental agency on insured properties) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 1735f–6.

Text

In carrying out the provisions of subchapter II of this chapter with respect to insuring mortgages secured by a one- to four-family dwelling unit, the Secretary may not deny such insurance for any such mortgage solely because the dwelling unit which secures such mortgage will be subject to a secondary mortgage or loan made or insured, or other secondary lien held, by any State or local governmental agency or instrumentality under terms and conditions approved by the Secretary.

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In carrying out the provisions of subchapter II of this chapter with respect to insuring mortgages secured by a one- to four-family dwelling unit, the Secretary may not deny such insurance for any such mortgage solely because the dwelling unit which secures such mortgage will be subject to a secondary mortgage or loan made or insured, or other secondary lien held, by any State or local governmental agency or instrumentality under terms and conditions approved by the Secretary.

Source Credit

History

(June 27, 1934, ch. 847, title V, §528, as added Pub. L. 95–557, title III, §323, Oct. 31, 1978, 92 Stat. 2102.)

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Bluebook (online)

12 U.S.C. § 1735f–6, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1735f–6.