12 U.S.C. § 1701p–1 — Periodic report on residential mortgage delinquencies and foreclosures
submitted 43 years ago by Pub. L. 98-181 to r/title-12-BANKS-AND-BANKING · 99 words · no verdicts yet
This section requires a periodic congressional reporting method for residential mortgage delinquencies and foreclosures. Reports must cover the Nation and each State.
As soon as practicable after November 30, 1983, the Secretary, cooperating with the named Federal housing and financial regulators, shall develop an accurate method for periodic congressional reports on residential mortgage delinquencies and foreclosures. Each report shall give the numbers of foreclosures and 60-day and 90-day delinquencies nationwide and in each State*.
As soon as practicable following November 30, 1983, the Secretary of Housing and Urban Development, with the cooperation of the Federal Housing Finance Agency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency, shall develop a method of accurately reporting to the Congress on a periodic basis with respect to residential mortgage delinquencies and foreclosures. Each such report shall include information with respect to the number of residential mortgage foreclosures, and the number of sixty- and ninety-day residential mortgage delinquencies, in the Nation and in each State*.
Source credit: (Pub. L. 98–181, title I [title IV, § 469], Nov. 30, 1983, 97 Stat. 1237; Pub. L. 111–203, title III, § 372, July 21, 2010, 124 Stat. 1566.)
- 1983Enacted · Pub. L. 98-181 · 97 Stat. 1237
- 2010Amended · Pub. L. 111-203 · 124 Stat. 1566
A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-181 on 1983-11-30.
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