ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

42 U.S.C. § 5407 — Research, testing, development, and training by Secretary

submitted 52 years ago by Pub. L. 93-383 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 409 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes the Secretary to research, test, develop, and provide training about manufactured homes. It permits contracts and grants and defines housing entities and FHA manufactured-home loans.

(a) Scope. The Secretary must conduct the research, testing, development, and training needed for this chapter, including (1) collecting data from any source to determine how manufactured-home performance characteristics relate to (A) accidents and (B) deaths, injuries, or damage from those accidents; (2) buying experimental and other manufactured homes by negotiation or otherwise for research and testing; (3) selling or otherwise disposing of test homes and returning the proceeds to the current appropriation available for this chapter; (4) encouraging government-sponsored housing entities to develop and carry out secondary-market securitization programs for FHA manufactured-home loans and other appropriate loan programs, to make affordable homes more available and increase homeownership throughout the United States; and (5) reviewing FHA manufactured-home-loan programs and developing changes, including loan terms, amortization periods, rules, and procedures, to make homes more affordable.
(b) The Secretary may carry out this research, testing, development, and training through contracts with or grants to States, interstate agencies, and independent institutions.
(c) Definitions.
(1) “Government-sponsored housing entities” means HUD’s Government National Mortgage Association, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation.
(2) “FHA manufactured home loan” means a loan that (A) is insured under title I of the National Housing Act and finances alterations, repairs, or improvements to an existing manufactured home; the purchase of a home; the purchase of a home and its lot; or only the lot; or (B) is otherwise insured under the National Housing Act and made for or connected with a manufactured home.

the actual law source: uscode.house.gov ↗public domain
(a) Scope

The Secretary shall conduct research, testing, development, and training necessary to carry out the purposes of this chapter, including, but not limited to—

(1)

collecting data from any source for the purpose of determining the relationship between manufactured home performance characteristics and (A) accidents involving manufactured homes, and (B) the occurrence of death, personal injury, or damage resulting from such accidents;

(2)

procuring (by negotiation or otherwise) experimental and other manufactured homes for research and testing purposes;

(3)

selling or otherwise disposing of test manufactured homes and reimbursing the proceeds of such sale or disposal into the current appropriation available for the purpose of carrying out this chapter;

(4)

encouraging the government-sponsored housing entities to actively develop and implement secondary market securitization programs for the FHA manufactured home loans and those of other loan programs, as appropriate, thereby promoting the availability of affordable manufactured homes to increase homeownership for all people in the United States; and

(5)

reviewing the programs for FHA manufactured home loans and developing any changes to such programs to promote the affordability of manufactured homes, including changes in loan terms, amortization periods, regulations, and procedures.

(b) Contracts and grants with States, interstate agencies, and independent institutions

The Secretary is authorized to conduct research, testing, development, and training as authorized to be carried out by subsection (a) of this section by contracting for or making grants for the conduct of such research, testing, development, and training to States, interstate agencies, and independent institutions.

(c) Definitions

For purposes of this section, the following definitions shall apply:

(1) Government-sponsored housing entities

The term “government-sponsored housing entities” means the Government National Mortgage Association of the Department of Housing and Urban Development, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation.

(2) FHA manufactured home loan

The term “FHA manufactured home loan” means a loan that—

(A)

is insured under title I of the National Housing Act [12 U.S.C. 1702 et seq.] and is made for the purpose of financing alterations, repairs, or improvements on or in connection with an existing manufactured home, the purchase of a manufactured home, the purchase of a manufactured home and a lot on which to place the home, or the purchase only of a lot on which to place a manufactured home; or

(B)

is otherwise insured under the National Housing Act [12 U.S.C. 1701 et seq.] and made for or in connection with a manufactured home.

Source credit: (Pub. L. 93–383, title VI, § 608, Aug. 22, 1974, 88 Stat. 704; Pub. L. 96–399, title III, § 308(c)(4), Oct. 8, 1980, 94 Stat. 1641; Pub. L. 97–35, title III, § 339B(c), Aug. 13, 1981, 95 Stat. 417; Pub. L. 106–569, title VI, § 607, Dec. 27, 2000, 114 Stat. 3009.)

history & why it existsrecord from the source credit
  • 1974Enacted · Pub. L. 93-383 · 88 Stat. 704
  • 1980Amended · Pub. L. 96-399 · 94 Stat. 1641
  • 1981Amended · Pub. L. 97-35 · 95 Stat. 417
  • 2000Amended · Pub. L. 106-569 · 114 Stat. 3009

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-383 on 1974-08-22.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case