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12 U.S.C. § 1749aaa–2 — Payment of insurance benefits

submitted 92 years ago by Pub. L. 89-754 to r/title-12-BANKS-AND-BANKING · 83 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section gives the mortgagee insurance benefits under the procedures in section 1713(g). It also applies specified provisions of section 1713 to mortgages insured under this subchapter.

This section gives the mortgagee insurance benefits under the procedures in section 1713(g). It also applies specified provisions of section 1713 to mortgages insured under this subchapter.

The mortgagee is entitled to receive the insurance benefits under this subchapter in the way section 1713(g) of this title provides for mortgages insured under section 1713. For that purpose, subsections (g), (h), (i), (j), (k), (l), and (n) of section 1713 also apply to mortgages insured under this subchapter. In those subsections, every reference to section 1713 is treated as a reference to this subchapter.

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

The mortgagee shall be entitled to receive the benefits of the insurance under this subchapter in the manner provided in subsection (g) of section 1713 of this title with respect to mortgages insured under that section. For such purpose the provisions of subsections (g), (h), (i), (j), (k), (l), and (n) of such section 1713 shall apply to mortgages insured under this subchapter and all references in such subsections to such section 1713 shall be deemed to refer to this subchapter.

Source credit: (June 27, 1934, ch. 847, title XI, § 1103, as added Pub. L. 89–754, title V, § 502(a), Nov. 3, 1966, 80 Stat. 1275.)

history & why it existsrecord from the source credit
  • 1934Enacted · Pub. L. 89-754 · 80 Stat. 1275

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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