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12 U.S.C. § 2708 — Expiration date

submitted 51 years ago by Pub. L. 94-50 to r/title-12-BANKS-AND-BANKING · 61 words · no verdicts yet

in plain englishAI-generated · not legal advice

After September 30, 2011, this chapter no longer permits insurance of loans or advances of credit or emergency mortgage-relief payments, except for certain borrowers already receiving those benefits on that date.

No loans or advance of credit shall be insured and no emergency mortgage relief payments made under this chapter after September 30, 2011 , except if such loan or advance or such payments are made with respect to a mortgagor receiving the benefit of a loan or advance insured, or emergency mortgage relief payments made, under this chapter on such date.

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

No loans or advance of credit shall be insured and no emergency mortgage relief payments made under this chapter after September 30, 2011, except if such loan or advance or such payments are made with respect to a mortgagor receiving the benefit of a loan or advance insured, or emergency mortgage relief payments made, under this chapter on such date.

Source credit: (Pub. L. 94–50, title I, § 109, July 2, 1975, 89 Stat. 253; Pub. L. 94–375, § 13(a), Aug. 3, 1976, 90 Stat. 1075; Pub. L. 111–203, title XIV, § 1496(b)(6), July 21, 2010, 124 Stat. 2209.)

history & why it existsrecord from the source credit
  • 1975Enacted · Pub. L. 94-50 · 89 Stat. 253
  • 1976Amended · Pub. L. 94-375 · 90 Stat. 1075
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 2209

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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