12 U.S.C. 1713: Rental housing insurance

2007

• Pub. L. 110–161 substituted "170 percent" for "140 percent" after "not to exceed" in two places and "215 percent in high cost areas" for "170 percent in high cost areas". (Consolidated Appropriations Act, 2008) Law text · (c)

2003

• Pub. L. 108–186, §302(c)(1), substituted "$17,460" for "$11,250". Law text · (c)
• Pub. L. 108–186, §302(b), substituted "140 percent in" for "110 percent in" and inserted ", or 170 percent in high cost areas," after "and by not to exceed 140 percent". Law text · (c)

2002

• Pub. L. 107–326, §5(b)(1)(B), which directed substitution of "(B) the Secretary may, by regulation, increase any of the dollar amount limitations in subparagraph (A) (as such limitations may have been adjusted in accordance with section 1712a of this title)" for "and accept that the… (FHA Downpayment Simplification Act of 2002) Law text · (c)
• Pub. L. 107–326, §5(b)(1)(A), inserted subpar. (A) designation after "(3)". (FHA Downpayment Simplification Act of 2002) Law text · (c)

2001

• Pub. L. 107–73 substituted "$38,025", "$42,120", "$50,310", "$62,010", and "$70,200" for "$30,420", "$33,696", "$40,248", "$49,608", and "$56,160", respectively, "$11,250" for "$9,000", and "$43,875", "$49,140", "$60,255", "$75,465", and "$85,328" for "$35,100", "$39,312", "$48,204"… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002) Law text · (c)

1994

• Pub. L. 103–233 substituted "$56,160" for "$59,160". · (c)

1992

• Pub. L. 102–550, §509(a), substituted "$30,420", "$33,696", "$40,248", "$49,608", and "$59,160" for "$25,350", "$28,080", "$33,540", "$41,340", and "$46,800", respectively, and "$35,100", "$39,312", "$48,204", "$60,372", and "$68,262" for "$29,250", "$32,760", "$40,170", "$50,310", … · (c)
• Pub. L. 102–550, §516(b)(1), in second sentence, substituted "issue to the mortgagee a certificate of claim as provided in subsection (h), and debentures having a par value" for ", subject to the cash adjustment provided for in subsection (j), issue to the mortgagee a certificate of cl… · (g)
• Pub. L. 102–550, §516(b)(2), (3), in first sentence, substituted "shall be negotiable, and, if in book entry form, transferable, in the manner described by the Secretary in regulations" for "shall be signed by the Secretary, by either his written or engraved signature, shall be negotia… · (i)
• Pub. L. 102–550, §516(b)(4), added subsec. (j) and struck out former subsec. (j) which read as follows: "Debentures issued under this section shall be in such form and denominations in multiples of $50, shall be subject to such terms and conditions, and shall include such provision for… · (j)

1988

• Pub. L. 100–242, §426(a), (h), substituted "$25,350", "$28,080", "$33,540", "$41,340", and "$46,800" for "$19,500", "$21,600", "$25,800", "$31,800", and "$36,000", respectively, and "$29,250", "$32,760", "$40,170", "$50,310", and "$56,885" for "$22,500", "$25,200", "$30,900", "$38,7… · (c)
• Pub. L. 100–242, §182, inserted provisions after second sentence directing the Secretary to act consistently with the goal established in section 1701z–11(a)(1) of this title in determining the amount to be bid. · (k)

1984

• Pub. L. 98–479 substituted "section 1715k(f), section 1715l(g), and section 1715x of this title" for "section 1715k(f), 1715l(g), and section 1715x of this title". · (i)

1983

• Pub. L. 98–181, §407(c), inserted "American Samoa," after "Pacific Islands,". · (a)
• Pub. L. 98–181, §431(a)(3), in first undesignated par. following par. (2) struck out "and directed" after "therefore, authorized". · (b)
• Pub. L. 98–181, §435, in second undesignated par. following par. (2) substituted "the Secretary may not insure any mortgage under this section (except a mortgage with respect to a manufactured home park designed exclusively for occupancy by elderly persons)" for "no mortgage shall be insured hereun… · (b)
• Pub. L. 98–181, §431(a)(1), (2), substituted provision permitting the Secretary discretionary authority to regulate rents and other charges for such period or periods as the Secretary, in his discretion, may require for provision which required the Secretary to regulate rents and ot… · (b)
• Pub. L. 98–181, §446(a), which directed that "(unless otherwise approved by the Secretary)" be inserted after "periodic payments" in first undesignated par. of par. (3), was executed to the undesignated par. following par. (3) to reflect the probable intent of Congress. · (c)
• Pub. L. 98–181, §404(b)(4), which directed the substitution of provision that the interest rate for the mortgage be such a rate as agreed upon by the mortgagor and mortgagee for provision that the rate of interest, exclusive of premium charges for insurance, not exceed 5¼ per centum per annum on th… · (c)

1982

• Pub. L. 97–377 inserted "(by not to exceed 140 per centum where the Secretary determines that a mortgage other than one purchased or to be purchased under section 1720 of this title by the Government National Mortgage Association in implementing its special assistance functions is i… · (c)

1981

• Pub. L. 97–35, §339B(c), provided that for purposes of section 308(c)(1) of Pub. L. 96–399, the terms "mobile home" and "manufactured home" shall be deemed to include the terms "mobile homes" and "manufactured homes", respectively. See 1980 Amendment note below. · (a), (6)
• Pub. L. 97–35, §§338(b), 339B(a), substituted "$9,000" for "$8,000" and made minor changes in nomenclature. · (c)

1980

• Pub. L. 96–399, §308(c)(1), which directed substitution of "manufactured home" for "mobile home" wherever appearing, was executed by substituting "manufactured home" for "mobile home" and "manufactured homes" for "mobile homes" wherever appearing pursuant to Pub. L. 97–35, §339… · (a), (6)
• Pub. L. 96–399, §310(a), inserted provisions relating to residential energy conservation measures. · (c)

1979

• Pub. L. 96–153, §§313(b), 314, in first sentence of first unnumbered par. substituted "$8,000" for "$3,900", "75 per centum" for "50 per centum" and inserted exception that where the Secretary determines it necessary on a project by project basis, the dollar amount limitations may b… · (c)

1978

• Pub. L. 95–557 substituted "may include five" for "may include eight" in concluding par. · (c)
• Pub. L. 95–619 provided that the amount insurable under this section could be increased by up to 20 per centum if such increase were necessary to account for the increased cost of a residence due to the installation of a solar energy system. · (c)

1976

• Pub. L. 94–375 substituted "50 per centum in any geographical area" for "75 per centum in any geographical area", "$19,500" for "$13,000", "$21,600" for "$18,000", "$25,800" for "$21,500", "$31,800" for "$26,500", "$36,000" for "$30,000", "$3,900" for "$3,250", "$22,500" for "$15,00… · (c)

1975

• Pub. L. 94–173 raised from 45 per centum to 75 per centum the amount by which any dollar limitation may, by regulation, be increased. · (c)

1974

• Pub. L. 93–383, §304(a)(1), struck out par. (1) which set forth limits on principal obligation of not to exceed $20,000,000, or not to exceed $50,000,000 if executed by a mortgagor under subsec. (b)(1) of this section. · (c)
• Pub. L. 93–383, §§303(a), 304(a)(2), substituted "$3,250" for "$2,500", "$13,000" for "$9,900", "$15,000" for "$11,550", "$18,000" for "$13,750", "$21,000" for "$16,500", "$21,500" for "$16,500", "$25,750" for "$19,800", "$26,500" for "$20,350", "$30,000" for "$23,100", "$32,250" fo… · (c)

1969

• Pub. L. 91–152, §103(a)(1)(A), substituted "mobile homes" for "trailer coach mobile dwellings". · (a)
• Pub. L. 91–152, §103(a)(1)(B), (C), substituted "mobile home court" for "trailer court" and "mobile homes" for "trailer coach mobile dwellings". · (a)
• Pub. L. 91–152, §403(c)(2), inserted "the Trust Territory of the Pacific Islands," after "Guam,". · (a)
• Pub. L. 91–152, §§103(a)(2), (b), 113(b)(1), (2), substituted "$2,500 per space or $1,000,000 per mortgage for mobile home courts or parks" for "$1,800 per space or $500,000 per mortgage for trailer courts or parks", "$9,900" for "$9,000", "$11,550" for "$10,500", "$13,750" for "$12… · (c)

1968

• Pub. L. 90–301 limited interest rate on mortgages to such per centum per annum not in excess of 6 per centum as the Secretary finds necessary to meet the mortgage market. · (c)

1967

• Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing in subsecs. (b), (b)(2), (c)(2), (3), (d), (e), (g), (h), (h)(1), (h)(2), (h)(2)(i), (j) to (l), (n), (o), and (r).

1965

• Pub. L. 89–117, §1108(e)(4), substituted "General Insurance Fund" for "Housing Fund". · (b)
• Pub. L. 89–117, §207(a), substituted "$18,500 per family unit with three bedrooms, and $21,000 per family unit with four or more bedrooms" for "and $18,500 per family unit with three or more bedrooms" and "$22,500 per family unit with three bedrooms, and $25,000 per family unit with… · (c)
• Pub. L. 89–117, §1108(e)(1), (2), removed reference to collection of premium charges for the insurance of mortgages under section 1715a of this title and substituted "debentures issued by the Commissioner under any subchapter and section of this chapter, except debentures of the Mutual… · (d)
• Pub. L. 89–117, §1108(e)(3), repealed subsec. (f) which created the Housing Insurance Fund. · (f)
• Pub. L. 89–117, §1108(e)(4), substituted "General Insurance Fund" for "Housing Insurance Fund" and "Housing Fund" wherever appearing. · (h), (i), (j), (k), (l)
• Pub. L. 89–117, §1108(e)(3), repealed subsec. (m) which provided for credits and charges in the Housing Insurance Fund. · (m)
• Pub. L. 89–117, §1108(e)(3), repealed subsec. (p) which provided for the disposition of surplus moneys in the Housing Insurance Fund and the investment of such moneys. · (p)

1964

• Pub. L. 88–560, §106, substituted "Provided, That this limitation shall not apply" for "Provided, That except with respect to a mortgage executed by a mortgagor coming within the provisions of subsection (b)(1) of this section or a mortgage on a trailer court or park, such mortgage … · (c)
• Pub. L. 88–560, §107(a), changed limits on mortgages for property or project attributable to dwelling use from "$2,500 per room (or $9,000 per family unit if the number of rooms in such property or project is less than four per family unit)" to "$9,000 per family unit without a bedr… · (c)
• Pub. L. 88–560, §105(b), inserted provision for termination of mortgagee's obligation to pay premium charges on the mortgage. · (g)
• Pub. L. 88–560, §108, struck out second sentence providing for mandatory acquisition or foreclosure within one year of multifamily project in default. · (k)

1961

• Pub. L. 87–70, §607(1), struck out provisions from first paragraph which limited the Commissioner's authority to insure mortgages to property held by private corporations, associations, cooperative societies which are legal agents of owner-occupants, or trusts formed or created for … · (b)
• Pub. L. 87–70, §607(2), (3), inserted "(excluding exterior land improvements as defined by the Commissioner)" and substituted "$1,800 per space" for "$1,500 per space". · (c)
• Pub. L. 87–70, §607(4), permitted debentures issued pursuant to the provisions of section 1715k(f), 1715l(g), and 1715x of this title to be dated as of the date the mortgage is assigned (or the property is conveyed) to the Commissioner. · (i)

1960

• Pub. L. 86–624 struck out "Hawaii," before "Puerto Rico". · (a)

1959

• Pub. L. 86–70, §10(a), struck out "Alaska," before "Hawaii". · (a)
• Pub. L. 86–372, §104(e)(1), struck out exceptions that related to housing for elderly persons from the two unnumbered paragraphs following par. (2). · (b)
• Pub. L. 86–372, §104(c), (e)(2), struck out provisions that authorized insurance of mortgages not more than $8,100 if the entire property or project was specially designed for the use and occupancy of elderly persons and the mortgagor is a financially qualified nonprofit organization, … · (c)
• Pub. L. 86–372, §104(a), substituted "$20,000,000" for "$12,500,000". · (c)
• Pub. L. 86–70, §10(b), substituted "Alaska" for "the Territory of Alaska". · (c)
• Pub. L. 86–372, §104(b), substituted "$2,500" for "$2,250" in two places, "$9,000" for "$8,100" in two places, "$3,000" for "$2,700", "$9,400" for "$8,400", "$1,250 per room" for "$1,000 per room", "$1,500 per space" for "$1,000 per space", and "$500,000" for "$300,000". · (c)
• Pub. L. 86–372, §104(e)(3), substituted "sections 1715a, 1715e, 1715v, and 1715w of this title" for "sections 1715a and 1715e of this title" in two places. · (f)
• Pub. L. 86–372, §104(d), added subsec. (r). · (r)

1957

• Pub. L. 85–104, §110, inserted in unnumbered paragraph following par. (3), "(or $8,400 per family unit in the case of projects to consist of elevator-type structures)" and "and may permit single elderly persons to use and occupy such units". · (c)
• Pub. L. 85–104, §109, struck out "per room" after "limitations", and inserted "without regard to the number of rooms being less than four, or four or more,". · (c)
• Pub. L. 85–104, §108(b), substituted in second sentence, "established by the Commissioner pursuant to section 1715o of this title" for "determined by the Commissioner, with the approval of the Secretary of the Treasury, at the time the mortgage was insured, but not to exceed 3 per cent… · (i)
• Pub. L. 85–104, §111, repealed provisions which related to insurance of mortgages by Federal National Mortgage Association. See section 1715e of this title. · (q)