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12 U.S.C. § 1712aIndexing of FHA multifamily housing loan limits

submitted 92 years ago by Pub. L. 107-326 to r/title-12-BANKS-AND-BANKING · 209 words · no verdicts yet

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the actual law source: uscode.house.gov ↗public domain
(a) Method of indexing

The dollar amounts set forth in—

(1)

section 1713(c)(3)(A) of this title;

(2)

section 1715e(b)(2)(A) of this title;

(4)

section 1715l(d)(3)(ii)(I) of this title;

(5)

section 1715l(d)(4)(ii)(I) of this title;

(6)

section 1715v(c)(2)(A) of this title; and

(7)

section 1715y(e)(3)(A) of this title;

(collectively hereinafter referred to as the “Dollar Amounts”) shall be adjusted annually, commencing on July 1, 2025. The adjustment of the Dollar Amounts shall be calculated by the Secretary using the percentage change in the Price Deflator Index of Multifamily Residential Units Under Construction released by the Bureau of the Census from March of the previous year to March of the year in which the adjustment is made, or by the Secretary using an alternative indicator after publishing information about such alternative indicator in the Federal Register for public comment if the Price Deflator Index of Multifamily Residential Units Under Construction is not available or published.

(b) Publication
(1) In general

The Secretary shall publish in the Federal Register any adjustments made to the Dollar Amounts.

(2) Rounding

The dollar amount of any adjustment described in paragraph (1) shall be rounded to the next lower dollar.

Source credit: (June 27, 1934, ch. 847, title II, § 206A, as added Pub. L. 107–326, § 5(a), Dec. 4, 2002, 116 Stat. 2794; amended Pub. L. 119–101, title II, § 211(a)(1), July 11, 2026, 140 Stat. 881.)

history & why it existsrecord from the source credit
  • 1934Enacted · Pub. L. 107-326 · 116 Stat. 2794
  • 2026Amended · Pub. L. 119-101 · 140 Stat. 881

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-326 on 1934-06-27.

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