Repealed. Pub. L. 98–181, title I [title IV, §483(a)], Nov. 30, 1983, 97 Stat. 1240

  1. Law
  2. USC 12
  3. Banks And Banking
  4. NATIONAL HOUSING
  5. NATIONAL MORTGAGE ASSOCIATIONS
  6. Repealed. Pub. L. 98–181, title I [title IV, §483(a)], Nov. 30, 1983, 97 Stat. 1240

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§1723e. Repealed. Pub. L. 98–181, title I [title IV, §483(a)], Nov. 30, 1983, 97 Stat. 1240

Section, act June 27, 1934, ch. 847, title III, §313, as added Oct. 18, 1974, Pub. L. 93–449, §3(a), 88 Stat. 1364 ; amended July 2, 1975, Pub. L. 94–50, title II §§201–206, 89 Stat. 254 , 255; Aug. 3, 1976, Pub. L. 94–375, §13(e)(1), 90 Stat. 1075 ; Oct. 12, 1977, Pub. L. 95–128, title IV, §407(a)–(d), 91 Stat. 1137 , 1138; Oct. 8, 1980, Pub. L. 96–399, title III, §337(b), 94 Stat. 1655 , related to the interim mortgage and security purchasing authority of the Association.

Savings Provision

For continued application of former sections 1720 and 1723e of this title to any purchase or commitment to purchase any mortgage made pursuant to those sections before Nov. 30, 1983, and the servicing and disposition of any such mortgage, see section 483(b) of Pub. L. 98–181, set out as a note under section 1720 of this title.

Effective Date

Pub. L. 93–449, §3(b), Oct. 18, 1974, 88 Stat. 1366 , as amended by Pub. L. 94–50, title II, §207, July 2, 1975, 89 Stat. 256 ; Pub. L. 94–375, §13(d), Aug. 3, 1976, 90 Stat. 1075 ; Pub. L. 95–128, title IV, §407(e), Oct. 12, 1977, 91 Stat. 1138 ; Pub. L. 95–406, §3, Sept. 30, 1978, 92 Stat. 880 ; Pub. L. 95–557, title III, §303, Oct. 31, 1978, 92 Stat. 2096 ; Pub. L. 96–71, §3, Sept. 28, 1979, 93 Stat. 502 ; Pub. L. 96–105, §3, Nov. 8, 1979, 93 Stat. 795 ; Pub. L. 96–153, title III, §303, Dec. 21, 1979, 93 Stat. 1112 ; Pub. L. 96–372, §4, Oct. 3, 1980, 94 Stat. 1364 ; Pub. L. 96–399, title III, §337(a), Oct. 8, 1980, 94 Stat. 1655 , which related to the effective date of former section 1723e of this title, was repealed by Pub. L. 98–181, title I [title IV, §483(a)], Nov. 30, 1983, 97 Stat. 1240 .

Emergency Mortgage Purchase Assistance; Transfer of Funds

Pub. L. 98–371, title I, July 18, 1984, 98 Stat. 1218 , in part directed Secretary to transfer all assets acquired and liabilities incurred pursuant to this section to management and liquidating functions fund established pursuant to section 1721 of this title, and that on Oct. 1, 1984, each outstanding obligation issued by Secretary of Housing and Urban Development to Secretary of the Treasury pursuant to subsec. (c) of this section, together with any promise to repay principal and unpaid interest which had accrued on each obligation, and any other term or condition specified by each such obligation, was canceled.


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