12 U.S.C. § 1701k — Right to redeem property on which United States has lien
submitted 76 years ago by ch. 94 to r/title-12-BANKS-AND-BANKING · 49 words · no verdicts yet
This section says that a specified Federal redemption right does not arise when the United States’ subordinate interest comes from National Housing Act insurance.
The redemption right provided by 28 U.S.C. § 2410(c) does not arise when the United States’ subordinate lien or interest results from insurance issued under the amended National Housing Act.
The right to redeem provided for by section 2410(c) of title 28, shall not arise in any case in which the subordinate lien or interest of the United States derives from the issuance of insurance under the National Housing Act, as amended [12 U.S.C. 1701 et seq.].
Source credit: (Apr. 20, 1950, ch. 94, title V, § 505, 64 Stat. 81; Pub. L. 85–857, § 13(q), Sept. 2, 1958, 72 Stat. 1266.)
- 1950Enacted · Act of Apr. 20, 1950, ch. 94 · 64 Stat. 81
- 1958Amended · Pub. L. 85-857 · 72 Stat. 1266
A history note hasn’t been published yet. The record shows enactment by ch. 94 on 1950-04-20.
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