12 U.S.C. § 2706 — Emergency Homeowners’ Relief Fund
submitted 51 years ago by Pub. L. 94-50 to r/title-12-BANKS-AND-BANKING · 106 words · no verdicts yet
This section addresses emergency homeowners’ relief fund. To carry out the purposes of this chapter, the Secretary is authorized to establish in the Treasury of the United States an Emergency Homeowners’ Relief Fund (hereinafter in this chapter referred to as the “fund”) which must be available to the Secretary without fiscal year limitation— (1) for making payments in connection with defaulted loans or advances of credit insured under section 2704 of this title ; (2) for making emergency mortgage relief payments under section 2705 of this title ; (3) to pay such administrative expenses (or portion of such expenses) of carrying out the provisions of this chapter as the Secretary may deem necessary.
To carry out the purposes of this chapter, the Secretary is authorized to establish in the Treasury of the United States an Emergency Homeowners’ Relief Fund (hereinafter in this chapter referred to as the “fund”) which must be available to the Secretary without fiscal year limitation—
(1) for making payments in connection with defaulted loans or advances of credit* insured under section 2704 of this title ;
(2) for making emergency mortgage relief payments under section 2705 of this title ;
(3) to pay such administrative expenses (or portion of such expenses) of carrying out the provisions of this chapter as the Secretary may deem necessary.
To carry out the purposes of this chapter, the Secretary is authorized to establish in the Treasury of the United States an Emergency Homeowners’ Relief Fund (hereinafter in this chapter referred to as the “fund”) which shall be available to the Secretary without fiscal year limitation—
for making payments in connection with defaulted loans or advances of credit* insured under section 2704 of this title;
for making emergency mortgage relief payments under section 2705 of this title;
to pay such administrative expenses (or portion of such expenses) of carrying out the provisions of this chapter as the Secretary may deem necessary.
Source credit: (Pub. L. 94–50, title I, § 107, July 2, 1975, 89 Stat. 252; Pub. L. 98–479, title II, § 204(m)(1), Oct. 17, 1984, 98 Stat. 2234; Pub. L. 111–203, title XIV, § 1496(b)(4), July 21, 2010, 124 Stat. 2208.)
- 1975Enacted · Pub. L. 94-50 · 89 Stat. 252
- 1984Amended · Pub. L. 98-479 · 98 Stat. 2234
- 2010Amended · Pub. L. 111-203 · 124 Stat. 2208
A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-50 on 1975-07-02.
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