12 U.S.C. § 1735f–12 — Assurance of adequate processing of applications for loan and mortgage insurance
submitted 92 years ago by Pub. L. 100-242 to r/title-12-BANKS-AND-BANKING · 105 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
In order to ensure the adequate processing of applications for insurance of loans and mortgages under this chapter, the Secretary shall maintain not less than one office in each State to carry out the provisions of this chapter.
To assist the Resolution Trust Corporation in disposing of the property to which it acquires title and to ensure the timely processing of applications for insurance of loans and mortgages under this chapter that will be used to purchase multifamily residential property from the Resolution Trust Corporation, the Secretary shall establish an expedited procedure for considering such applications.
Source credit: (June 27, 1934, ch. 847, title V, § 534, as added Pub. L. 100–242, title IV, § 418, Feb. 5, 1988, 101 Stat. 1912; amended Pub. L. 102–550, title V, § 512(a), Oct. 28, 1992, 106 Stat. 3786.)
- 1934Enacted · Pub. L. 100-242 · 101 Stat. 1912
- 1992Amended · Pub. L. 102-550 · 106 Stat. 3786
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-242 on 1934-06-27.
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