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NOTES:


Source

(June 29, 1936, ch. 858, title XI, § 1108, formerly § 1111, as added Pub. L. 86–127, § 1(2), July 31, 1959, 73 Stat. 272; renumbered and amended Pub. L. 92–507, § 5, Oct. 19, 1972, 86 Stat. 916; Pub. L. 97–31, § 12(136), Aug. 6, 1981, 95 Stat. 166; Pub. L. 108–136, div. C, title XXXV, § 3521(a), Nov. 24, 2003, 117 Stat. 1799; Pub. L. 109–163, div. C, title XXXV, § 3507(a)(1)(H), (3), Jan. 6, 2006, 119 Stat. 3555.)

References in Text

References in subsecs. (a) to (c) to section 1274 of this Appendix, were in the original references to section 1104 of this title, meaning section 1104 of title XI of the Merchant Marine Act, 1936, act June 29, 1936, ch. 858. Section 1104 of that Act was renumbered as section 1104A of that Act by Pub. L. 101–380, title IV, § 4115(f)(1), Aug. 18, 1990, 104 Stat. 521.
Paragraph (4) of section 1274 (a) of this Appendix, referred to in subsec. (b), was redesignated paragraph (5) of section 1274 (a) of this Appendix by Pub. L. 96–561, title II, § 220(3)(A)(iii), Dec. 22, 1980, 94 Stat. 3292.

Amendments

2006—Subsecs. (a), (b), (d), (f). Pub. L. 109–163, § 3507(a)(1)(H), substituted “Secretary or Administrator” for “Secretary” wherever appearing.
Subsec. (g). Pub. L. 109–163 substituted “Secretary or Administrator” for “Secretary” wherever appearing and “Secretary’s or Administrator’s” for “Secretary’s” in par. (1).
2003—Subsec. (g). Pub. L. 108–136 added subsec. (g).
1981—Subsecs. (a), (b), (d), (f). Pub. L. 97–31 struck out “of Commerce” after “Secretary” wherever appearing.
1972—Subsec. (a). Pub. L. 92–507 substantially reenacted subsec. (a) and substituted requirement that an escrow fund be created out of proceeds of obligations, for requirement that such fund be created out of sale of bonds.
Subsec. (b). Pub. L. 92–507 substituted provisions for the disbursement of escrow fund to pay certain payments the obligor is obligated to pay, for provisions for the disbursement of such fund to pay certain payments the mortgagor or borrower is obligated to pay.
Subsec. (c). Pub. L. 92–507 substituted provisions for the disbursement of the remainder of funds in the escrow fund to the obligor on the termination of the escrow agreement, for provisions for the disbursement of such funds to the mortgagor or borrower as the case may be.
Subsec. (d). Pub. L. 92–507 substituted “the escrow fund” for “such fund”.
Subsec. (e). Pub. L. 92–507 substituted provisions for payment of income to obligor, for provisions for payment of such income to mortgagor or borrower.
Subsec. (f). Pub. L. 92–507 substituted “to protect fully” for “to fully protect”.

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