12 U.S.C. § 1735f–1 — Waiver of deduction on assignment of property to Secretary in lieu of foreclosure

FEDERAL · 12 U.S.C. · Chapter 13

Waiver of deduction on assignment of property to Secretary in lieu of foreclosure

12 U.S.C. § 1735f–1

Chapter13 — NATIONAL HOUSING

SubchapterV

Current throughPub. L. 119-99

This text of 12 U.S.C. § 1735f–1 (Waiver of deduction on assignment of property to Secretary in lieu of foreclosure) 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–1.

Text

Notwithstanding any other provision of this chapter, from and after November 3, 1966, the Secretary, under such terms and conditions as he may approve, may waive all or a part of the 1 per centum deduction otherwise made from insurance benefits with respect to multifamily housing or land development mortgages assigned to him, where the assignment is made at his request in lieu of foreclosure of the mortgage.

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Notwithstanding any other provision of this chapter, from and after November 3, 1966, the Secretary, under such terms and conditions as he may approve, may waive all or a part of the 1 per centum deduction otherwise made from insurance benefits with respect to multifamily housing or land development mortgages assigned to him, where the assignment is made at his request in lieu of foreclosure of the mortgage.

Source Credit

History

(June 27, 1934, ch. 847, title V, §523, as added Pub. L. 89–754, title III, §312, Nov. 3, 1966, 80 Stat. 1271.)

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12 U.S.C. § 1735f–1, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1735f–1.