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12 U.S.C. § 1735f–13 — Prohibition of requirement of minimum principal loan amount

submitted 92 years ago by Pub. L. 100-242 to r/title-12-BANKS-AND-BANKING · 44 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

A mortgagee or lender may not require, as a condition of providing a loan insured under this chapter or secured by a mortgage insured under this chapter, that the principal amount of the loan exceed a minimum amount established by the mortgagee or lender.

Source credit: (June 27, 1934, ch. 847, title V, § 535, as added Pub. L. 100–242, title IV, § 419(a), Feb. 5, 1988, 101 Stat. 1913.)

history & why it existsrecord from the source credit
  • 1934Enacted · Pub. L. 100-242 · 101 Stat. 1913

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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