National Housing Act, Hearings Before ..., 73-2 on S. 3603 ..., May 16-24, 1934 |
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Common terms and phrases
amendment amortized amount applications appraised average banks believe bill Board BODFISH bonds borrower building and loan BULKLEY capital CHAIRMAN charge committee companies construction Corporation cost course DEANE debentures demand dollars employment existing experience fact Federal field figures financing funds give going GOLDSBOROUGH Government guaranteed Home Loan home owner houses improvements income increase individual industry institutions Insurance Corporation interest investment issue lending limited loan associations losses materials matter mean million months mortgage obligation operation organization payment percent period present President principal problem proposed purchase question real estate reason repairs represent reserve RUSSELL savings Senator BARKLEY Senator COUZENS Senator WAGNER situation statement thing tion United York
Popular passages
Page 13 - ... shall not be considered as loans secured by real estate within the meaning of this section but shall be classed as ordinary commercial loans...
Page 3 - Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 121 - Upon any such payment a receipt therefor shall be issued by the corporation to the United States and delivered to the Secretary of the Treasury, and shall be evidence of the stock ownership of the United States. There is hereby authorized to be appropriated the sum of $10,000,000, in addition to the $5,000,000 heretofore authorized, for the purpose of paying such subscription.
Page 6 - Nothing herein shall be construed to exempt the real property of associations from either state, county or municipal taxes, to the same extent, according to its value, as other real property is taxed.
Page 125 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way the action...
Page 6 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 2 - The Corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 11 - Corporation, including its franchise, its capital, reserves, and surplus, and .its income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 7 - Reserve bank or of any board, commission, independent establishment, or executive department of the Government, including any field service thereof, may avail itself of the use of information, services, and facilities thereof in carrying out the provisions of this section.
Page 121 - Commissioner but not to exceed thirty years from the date of insurance of the mortgage; "(4) contain complete amortization provisions satisfactory to the Commissioner requiring periodic payments by the mortgagor not in excess of his reasonable ability to pay as determined by the Commissioner...
Bibliographic information
| Title | National Housing Act, Hearings Before ..., 73-2 on S. 3603 ..., May 16-24, 1934 |
| Author | United States. Congress. Senate. Banking and Currency Committee |
| Published | 1934 |
| Length | 447 pages |
| Export Citation | BiBTeX EndNote RefMan |