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The law › Title 12, Banks and Banking › Chapter 11A

12 U.S.C. 1451: Definitions

Created in 1970 by Public Law 91-351. Changed by 7 later laws. No bill we track in this Congress changes it.

7 other sections of the Code cite this one, including 12 U.S.C. 1717, 12 U.S.C. 4564, 12 U.S.C. 4566, 12 U.S.C. 4603, 12 U.S.C. 4617.

2 parts of federal rules cite it as their authority, written by Federal Housing Finance Agency (1), Office of the Secretary, Department of Housing and Urban Development (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    1992

    • Pub. L. 102–550 substituted "purchased from any public utility carrying out activities in accordance with the requirements of title II of the National Energy Conservation Policy Act if the residential mortgage to be purchased is a loan or advance of credit the original proceeds of whic… · (h)

    1986

    • Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (h)

    1984

    • Pub. L. 98–440, §202(a), inserted reference to a manufactured home that is personal property under the laws of the State in which the manufactured home is located. · (d)
    • Pub. L. 98–440, §203(b)(1), substituted "status as a lien" for "status as a first lien" and "Such term shall also include other secured loans that are secured by a subordinate lien against a property as to which the Corporation may purchase a residential mortgage as defined under the f… · (h)
    • Pub. L. 98–440, §202(b), inserted provision that term "residential mortgage" also includes a loan or advance of credit secured by a mortgage or other lien on a manufactured home that is the principal residence of the borrower, without regard to whether the security property is real, personal, or mi… · (h)
    • Pub. L. 98–440, §204, substituted "any of its agencies or instrumentalities" for "a State or an agency or instrumentality of either". · (i)
    • Pub. L. 98–440, §202(c), added subsec. (l). · (l)

    1980

    • Pub. L. 96–294 inserted provision relating to loans or advances of credit made by a public utility and purchased by the Corporation pursuant to section 1454(a)(1) of this title. · (h)

    1979

    • Pub. L. 96–153 expanded definition of residential mortgage to include a mortgage, lien, or other security interest on the stock or membership certificate issued to a tenant-stockholder or resident-member by a cooperative housing corporation, and on the proprietary lease, occupancy agre… · (h)

    1978

    • Pub. L. 95–630 inserted provisions expanding definition of "residential mortgage" to include a secured loan or advance of credit the proceeds of which are intended to finance the rehabilitation, renovation, modernization, refurbishment, or improvement of properties as to which the Corp… · (h)
    • Pub. L. 95–619 inserted provisions relating to loans or advances of credit insured under title I of the National Housing Act whose original proceeds were applied for to finance energy conserving improvements or solar energy systems and provisions relating to certain loans or advances of credit for … · (h)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.