The law › Title 12, Banks and Banking › Chapter 13
12 U.S.C. 1708: Federal Housing Administration operations
Created in 1967 by Public Law 90-19. Changed by 9 later laws. 1 new law this Congress changed it.
3 other sections of the Code cite this one, including 12 U.S.C. 1701x, 12 U.S.C. 1735f–11, 12 U.S.C. 1735f–14.
1 part of federal rules cite it as their authority, written by Office of the Secretary, Department of Housing and Urban Development (1).
- past change
- enacted this Congress
- proposed
This Congress
- H.R. 6644 21st Century ROAD to Housing Act · became law · changed (a), (g)
How it got here
2022
2010
- Pub. L. 111–203, §373(1), added par. (5) and struck out former par. (5) which read as follows: "if the mortgagee is a national bank, or a subsidiary or affiliate of such a bank, the Comptroller of the Currency;". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)
- Pub. L. 111–203, §373(2), inserted "and" at end. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)
- Pub. L. 111–203, §373(3), inserted "or State savings association" after "State bank" and substituted period for "; and" at end. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)
- Pub. L. 111–203, §373(4), struck out par. (8) which read as follows: "if the mortgagee is a Federal or State savings association or a subsidiary or affiliate of a savings association, the Director of the Office of Thrift Supervision." (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)
2009
- Pub. L. 111–22, §203(a)(1)(A), inserted "and" after semicolon at end. Law text · (c)
- Pub. L. 111–22, §203(a)(1)(B), substituted "or their designees." for "; and". Law text · (c)
- Pub. L. 111–22, §203(a)(1)(C), struck out subpar. (G), which read as follows: "the Director of the Enforcement Center; or their designees." Law text · (c)
- Pub. L. 111–22, §203(a)(2), added par. (9). Law text · (c)
- Pub. L. 111–22, §203(b)(1), (2), added subsec. (d) and redesignated former subsecs. (d) to (f) as (e) to (g), respectively. Law text · (d), (e), (f), (g)
- Pub. L. 111–22, §203(b)(3), added subsec. (h). Law text · (h)
2008
- Pub. L. 110–289, §2118(a), amended subsec. (a) generally. Prior to amendment, text read as follows: "There is created a Mutual Mortgage Insurance Fund (hereinafter referred to as the 'Fund'), which shall be used by the Secretary as a revolving fund for carrying out the provisions of th… (Housing and Economic Recovery Act of 2008) Law text · (a)
- Pub. L. 110–289, §2116(3), transferred subsec. (s) of section 1709 of this title and redesignated it as subsec. (e) of this section. See Codification note above. Former subsec. (e) redesignated (f). (Housing and Economic Recovery Act of 2008) Law text · (e)
- Pub. L. 110–289, §2116(1)(A), made technical amendment to reference in original act which appears in text as reference to "this subsection". (Housing and Economic Recovery Act of 2008) Law text · (e)
- Pub. L. 110–289, §1404, added par. (5). (Housing and Economic Recovery Act of 2008) Law text · (e)
- Pub. L. 110–289, §2116(1)(B), redesignated subsec. (e) as (f). (Housing and Economic Recovery Act of 2008) Law text · (f)
2000
- Pub. L. 106–377, §1(a)(1) [title II, §209(c)(1)], struck out "and" at end. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
- Pub. L. 106–377, §1(a)(1) [title II, §209(c)(2)], which directed substitution of "and" for "or their designees.", was executed by inserting "and" after semicolon to reflect the probable intent of Congress, because the phrase "or their designees." appeared at end of par. (2) and d… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
- Pub. L. 106–377, §1(a)(1) [title II, §209(c)(3)], added subpar. (G). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
1997
- Pub. L. 105–65 inserted after first sentence "Notwithstanding paragraph (4)(A), a suspension shall be effective upon issuance by the Board if the Board determines that there exists adequate evidence that immediate action is required to protect the financial interests of the Depar… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998) Law text · (c)
1992
- Pub. L. 102–550, §502, added par. (11). · (b)
- Pub. L. 102–550, §518, inserted "temporarily" after "order", "(i)" after "Administration if", "(ii)" after "violations and", and ", and for not longer than 1 year. The Board may extend the suspension for an additional 6 months if it determines the extension is in the public inter… · (c)
- Pub. L. 102–550, §519(1), struck out subpar. (D) which read as follows: "For purposes of this paragraph, the term 'mortgagee' means a mortgagee, a branch office or subsidiary of a mortgagee, or a director, officer, employee, agent, or other person participating in the conduct of … · (c)
- Pub. L. 102–550, §519(2), added par. (7) and redesignated former par. (7) as (8). · (c), (8)
1990
- Pub. L. 101–625 added pars. (3) and (4). · (e), (4)
1989
- Pub. L. 101–235 substituted "Federal Housing Administration operations" for "Mutual Mortgage Insurance Fund" in section catchline, designated existing provisions as subsec. (a) and inserted heading, and added subsecs. (b) to (e).
1967
- Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing.
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.