Process of applications and issuance of commitments

  1. Law
  2. USC 12
  3. Banks And Banking
  4. NATIONAL HOUSING
  5. MORTGAGE INSURANCE
  6. Process of applications and issuance of commitments

Checkout our iOS App for a better way to browser and research.

§1715f. Process of applications and issuance of commitments

The Secretary is authorized to process applications and issue commitments with respect to insurance of mortgages under section 1706c of this title and subchapter II, VI, VIII, or X of this chapter, even though the permanent mortgage financing may not be insured under this chapter, and in the event the mortgage is not so insured the Secretary is authorized to charge an additional application fee determined by him to be reasonable. The Secretary is authorized to make such rules and regulations as may be necessary to carry out the provisions of this section.

(June 27, 1934, ch. 847, title II, §215, as added Apr. 20, 1950, ch. 94, title I, §115, 64 Stat. 56 ; amended Sept. 1, 1951, ch. 378, title II, §204, 65 Stat. 303 ; Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17 .)

References in Text

This chapter, referred to in text, was in the original "this Act", meaning act June 27, 1934, ch. 847, 48 Stat. 1246 , which is classified principally to this chapter (§1701 et seq.). For complete classification of this Act to the Code, see Tables.

Amendments

1967-Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing.

1951-Act Sept. 1, 1951, inserted a reference to subchapter X of this chapter.


Download our app to see the most-to-date content.