12 U.S.C. § 5116 — Study and reports on defaults and foreclosures
submitted 18 years ago by Pub. L. 110-289 to r/title-12-BANKS-AND-BANKING · 128 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The Director* shall conduct an extensive study of the root causes of default and foreclosure of home loans, using as much empirical data as is available.
Not later than 6 months after July 30, 2008, the Director shall submit to Congress a preliminary report regarding the study required by this section.
Not later than 12 months after July 30, 2008, the Director shall submit to Congress a final report regarding the results of the study required by this section, which shall include any recommended legislation relating to the study, and recommendations for best practices and for a process to provide targeted assistance to populations with the highest risk of potential default or foreclosure.
Source credit: (Pub. L. 110–289, div. A, title V, § 1517, July 30, 2008, 122 Stat. 2824; Pub. L. 111–203, title X, § 1100(3), July 21, 2010, 124 Stat. 2106.)
- 2008Enacted · Pub. L. 110-289 · 122 Stat. 2824
- 2010Amended · Pub. L. 111-203 · 124 Stat. 2106
A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-289 on 2008-07-30.
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