Amendment, extension, or increase of commitment amounts

  1. Law
  2. USC 12
  3. Banks And Banking
  4. NATIONAL HOUSING
  5. MISCELLANEOUS
  6. Amendment, extension, or increase of commitment amounts

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§1734. Amendment, extension, or increase of commitment amounts

At any time prior to final endorsement for insurance, the Secretary, in his discretion, may amend, extend, or increase the amount of any commitment, provided the mortgage, as finally endorsed for insurance is eligible for insurance under the provisions of this chapter and the rules and regulations thereunder, in effect at the time the original commitment to insure was issued.

(June 27, 1934, ch. 847, title V, §515 as added Oct. 25, 1949, ch. 729, §3, 63 Stat. 906 ; amended Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17 ; Pub. L. 98–479, title II, §204(a)(20), Oct. 17, 1984, 98 Stat. 2232 .)

Amendments

1984-Pub. L. 98–479 struck out "; mortgage conditions" after "amounts" in section catchline.

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


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