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12 U.S.C. § 1701wBudget, debt management, and related counseling services for mortgagors; authorization of appropriations

submitted 58 years ago by Pub. L. 90-448 to r/title-12-BANKS-AND-BANKING · 78 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary may provide or arrange for budget, debt-management, and related counseling for certain insured mortgagors. Congress may appropriate money for this work.

The Secretary of Housing and Urban Development may provide, or contract with public or private organizations to provide, budget, debt-management, and related counseling to mortgagors whose mortgages are insured under 12 U.S.C. § 1715z(i) or (j)(4). The Secretary may decide what services are needed to help those mortgagors meet their homeownership responsibilities. Congress may appropriate whatever amounts are needed to carry out this section.
the actual law source: uscode.house.gov ↗public domain

The Secretary of Housing and Urban Development is authorized to provide, or contract with public or private organizations to provide, such budget, debt management, and related counseling services to mortgagors whose mortgages are insured under section 1715z(i) or (j)(4) of this title as he determines to be necessary to assist such mortgagors in meeting the responsibilities of homeownership. There are authorized to be appropriated such sums as may be necessary to carry out the provisions of this section.

Source credit: (Pub. L. 90–448, title I, § 101(e), Aug. 1, 1968, 82 Stat. 484.)

history & why it existsrecord from the source credit
  • 1968Enacted · Pub. L. 90-448 · 82 Stat. 484

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-448 on 1968-08-01.

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