12 U.S.C. § 1735f–1 — Waiver of deduction on assignment of property to Secretary in lieu of foreclosure
submitted 92 years ago by Pub. L. 89-754 to r/title-12-BANKS-AND-BANKING · 69 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Notwithstanding any other provision of this chapter, from and after November 3, 1966, the Secretary, under such terms and conditions as he may approve, may waive all or a part of the 1 per centum deduction otherwise made from insurance benefits with respect to multifamily housing or land development mortgages assigned to him, where the assignment is made at his request in lieu of foreclosure of the mortgage.
Source credit: (June 27, 1934, ch. 847, title V, § 523, as added Pub. L. 89–754, title III, § 312, Nov. 3, 1966, 80 Stat. 1271.)
- 1934Enacted · Pub. L. 89-754 · 80 Stat. 1271
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-754 on 1934-06-27.
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