Fund

(1) Establishment Subject to the provisions of the Federal Credit Reform Act of 1990 [ 2 U.S.C. 661 et seq.], there is hereby created a Mutual Mortgage Insurance Fund (in this subchapter referred to as the “Fund”), which shall be used by the Secretary to carry out the provisions of this subchapter with respect to mortgages insured under section 1709 of this title . The Secretary may enter into commitments to guarantee, and may guarantee, such insured mortgages.

Source

12 USC § 1708(a)(1)


Scoping language

in this subchapter
Is this correct? or