12 USC § 1735f–3 - Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage

USCPrelim is a preliminary release and may be subject to further revision before it is released again as a final version.

Current through Pub. L. 113-99. (See Public Laws for the current Congress.)

The Secretary is authorized to insure mortgage proceeds advanced during construction or rehabilitation or otherwise prior to final endorsement of a project mortgage for the purpose of

(1) financing improvements to the property and the purchase of materials and building components delivered to the property, and

(2) providing funds to cover the cost of building components where such components have been assembled and specifically identified for incorporation into the property but are located at a site other than the mortgaged property, with such security as the Secretary may require.

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The Secretary is authorized to insure mortgage proceeds advanced during construction or rehabilitation or otherwise prior to final endorsement of a project mortgage for the purpose of

(1) financing improvements to the property and the purchase of materials and building components delivered to the property, and

Source

(June 27, 1934, ch. 847, title V, § 525, as added Pub. L. 93–383, title III, § 301,Aug. 22, 1974, 88 Stat. 676.)

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Friday, May 3, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

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Abbreviations used in the Description of Change column:

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"nt" means note.
"nt [tbl]" means note [table].
"prec" means preceding.
"fr" means a transfer from another section.
"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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12 USC	Description of Change	Session Year	Public Law	Statutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

24 CFR - Title 24—Housing and Urban Development

24 CFR Part 221 - LOW COST AND MODERATE INCOME MORTGAGE INSURANCE—SAVINGS CLAUSE

24 CFR Part 241 - SUPPLEMENTARY FINANCING FOR INSURED PROJECT MORTGAGES

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12 USC § 1735f–3 - Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage

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