National Housing Act as Amended, and Provisions of Other Laws Pertaining to the Federal Housing Administration |
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Page 3
... event for an additional amount or term in excess of the maximum provided for in this subsection . ( c ) ( 1 ) Notwithstanding any other provision of law , the Adminis- trator shall have the power , under regulations to be prescribed by ...
... event for an additional amount or term in excess of the maximum provided for in this subsection . ( c ) ( 1 ) Notwithstanding any other provision of law , the Adminis- trator shall have the power , under regulations to be prescribed by ...
Page 8
... event that the principal obligation of any mort- gage accepted for insurance under this section or section 210 is paid in full prior to the maturity date , the Administrator is further author- ized in his discretion to require the ...
... event that the principal obligation of any mort- gage accepted for insurance under this section or section 210 is paid in full prior to the maturity date , the Administrator is further author- ized in his discretion to require the ...
Page 10
... event in excess of $ 75 . ( b ) The Administrator may at any time , under such terms and con- ditions as he may prescribe , consent to the release of the mortgagor from his liability under the mortgage or the credit instrument secured ...
... event in excess of $ 75 . ( b ) The Administrator may at any time , under such terms and con- ditions as he may prescribe , consent to the release of the mortgagor from his liability under the mortgage or the credit instrument secured ...
Page 11
... event that the Fund or the Housing Fund fails to pay upon demand , when due , the principal of or interest on any debentures issued under this section , the Secretary of the Treasury shall pay to the holders the amount thereof which is ...
... event that the Fund or the Housing Fund fails to pay upon demand , when due , the principal of or interest on any debentures issued under this section , the Secretary of the Treasury shall pay to the holders the amount thereof which is ...
Page 13
... event that any mortgagee under a mortgage insured under this title forecloses on the mortgaged property but does not convey such property to the Administrator in accordance with sec- tion 204 , and the Administrator is given written ...
... event that any mortgagee under a mortgage insured under this title forecloses on the mortgaged property but does not convey such property to the Administrator in accordance with sec- tion 204 , and the Administrator is given written ...
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Common terms and phrases
49 Stat 52 Stat 77th Congress accepted for insurance Act is amended Admin Administrator is authorized advance of credit amended by adding amended to read Amendments of 1938 bonds cash adjustment centum per annum certificate of claim charges for insurance claims assigned Congress Corporation date the mortgage debentures issued default Defense Housing Insurance exceed excess Federal Home Loan Federal Housing Administration Federal Reserve Act fee simple financial institution foreclosure proceedings gage gift taxes hereby hereinafter provided holder Home Loan Bank Housing Fund Housing Insurance Fund inserting in lieu insurance as hereinafter insured institution insured under section liens lieu thereof March 28 maturity date mort mortgage loan mortgaged property mortgages insured National Housing Act national mortgage association outstanding payable principal and interest principal obligation property covered purchase read as follows real estate real property Reconstruction Finance Corporation rules and regulations section 203 subsection taxes tion total amount Treasury unconditionally guaranteed United
Popular passages
Page 18 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
Page 18 - The 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 27 - The Corporation, including its franchise, capital, reserves, surplus, and 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; except that any real property of the Corporation shall be subject to State, territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
Page 14 - first mortgage" means such classes of first liens as are commonly given to secure advances (including but not limited to advances during construction) on, or the unpaid purchase price of, real estate under the laws of the State in which the real estate is located, together with the credit...
Page 1 - ... such expenditures (including expenditures for personal services and rent at the seat of government and elsewhere, for...
Page 14 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 26 - 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 77 - Nothing in this section shall be construed to prevent the Administrator from delegating such power by order or by power of attorney, in his discretion, to any officer or agent he may appoint...
Page 9 - For the purposes of this subsection, the value of the mortgage shall be determined, in accordance with rules and regulations prescribed by the Administrator, by adding to the amount of the original principal obligation of the mortgage which was unpaid on the date of the institution of foreclosure proceedings, or on the date of the acquisition of the property after default other than by foreclosure...
Page 39 - For this purpose, the Reconstruction Finance Corporation shall make available to the Administrator such funds as he may deem necessary, not to exceed $10,000,000, and the amount of notes, debentures, bonds, or other such obligations which the Corporation is authorized to issue and have outstanding at any one time under existing law is hereby increased by...