42 U.S.C. § 2307 — Form and contents of contracts, mortgages, and other instruments
submitted 71 years ago by ch. 543 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 93 words · no verdicts yet
This section addresses Form and contents of contracts, mortgages, and other instruments. Contracts entered into under this chapter and other instruments executed under this chapter must be in such form and contain such provisions, consistent with this chapter, as the Commission must prescribe; and must be as simple and concise as possible. Any mortgage must contain terms which will place the United States in the same position, about any mortgages it may hold under the provisions of subchapter V, as that occupied by a private lender under the applicable State laws for the relief of mortgagors about deficiency judgments.
Contracts entered into under this chapter and other instruments executed under this chapter must be in such form and contain such provisions, consistent with this chapter, as the Commission* must prescribe; and must be as simple and concise as possible. Any mortgage* must contain terms which will place the United States in the same position, about any mortgages it may hold under the provisions of subchapter V, as that occupied by a private lender under the applicable State* laws for the relief of mortgagors about deficiency judgments.
Contracts entered into pursuant to this chapter and other instruments executed pursuant to this chapter shall be in such form and contain such provisions, consistent with this chapter, as the Commission* shall prescribe; and shall be as simple and concise as possible. Any mortgage* shall contain terms which will place the United States in the same position, with respect to any mortgages it may hold under the provisions of subchapter V, as that occupied by a private lender under the applicable State* laws for the relief of mortgagors with respect to deficiency judgments.
Source credit: (Aug. 4, 1955, ch. 543, ch. 11, § 113, 69 Stat. 483.)
- 1955Enacted · Act of Aug. 4, 1955, ch. 543 · 69 Stat. 483
A history note hasn’t been published yet. The record shows enactment by ch. 543 on 1955-08-04.
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