12 U.S.C. 1715k: Rehabilitation and neighborhood conservation housing insurance

2007

• Pub. L. 110–161 substituted "section 1712a of this title) by not to exceed 170 percent in any geographical area where the Secretary finds that cost levels so require and by not to exceed 170 percent, or 215 percent in high cost areas, where the Secretary determines it n… (Consolidated Appropriations Act, 2008) Law text · (d)

2004

• Pub. L. 108–213 struck out "with respect to rehabilitation projects involving not more than five family units," after "(V)". Law text · (d)

2003

• Pub. L. 108–186 substituted "; (III)" for "with respect to dollar amount limitations applicable to rehabilitation projects described in subclause (II),", redesignated subcls. (III) and (IV) as (IV) and (V), respectively, substituted "140 percent in" for "110 percent in", and… Law text · (d)

2002

• Pub. L. 107–326 inserted subcl. (I) designation after "(iii)" and substituted "design; and (II)" for "design; and except that", "any of the dollar amount limitations in subparagraph (B)(iii)(I) (as such limitations may have been adjusted in accordance with section 1712a of t… (FHA Downpayment Simplification Act of 2002) Law text · (d)

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, and "$43,875", "$49,140", "$60,255", "$75,465", and "$85,328" for "$35,100", "$39,312", "$48,204", "$60,372", and… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002) Law text · (d)

1994

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

1992

• Pub. L. 102–550, §509(c), 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", "$5… · (d)
• Pub. L. 102–550, §516(c), 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 negotiable",… · (h)

1991

• Pub. L. 102–40 substituted "section 5303A(d) of title 38" for "section 3103A(d) of title 38". · (d)

1988

• Pub. L. 100–242, §405(2), inserted before semicolon at end ", except that persons enlisting in the armed forces after September 7, 1980, or entering active duty after October 16, 1981, shall have their eligibility determined in accordance with section 3103A(d) of title 38". · (d)
• Pub. L. 100–242, §406(b)(9), redesignated former cl. (iv) as (ii) and struck out "(except as provided in cl. (iii))", and struck out former cls. (ii) and (iii) which read as follows: · (d)
• Pub. L. 100–242, §426(c), (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"… · (d)

1983

• Pub. L. 98–181, §432(a), struck out proviso that in no case involving refinancing would the mortgage exceed the estimated cost of repair and rehabilitation and the amount, as determined by the Secretary, required to refinance existing indebtedness secured by the property or p… · (d)
• Pub. L. 98–181, §404(b)(6), substituted provision that the interest rate be at such rate as agreed upon by the mortgagor and mortgagee for provision that the interest rate, exclusive of premium charges for insurance and service charges if any, not exceed 5 per centum per annum on th… · (d)
• Pub. L. 98–181, §446(c), inserted "(unless otherwise approved by the Secretary)" after "periodic payments". · (d)
• Pub. L. 98–181, §404(b)(7), substituted provision that the rate of interest be such rate as agreed upon by the mortgagor and mortgagee for provision that the rate of interest not exceed the rate prescribed by the Secretary, but not in excess of 6 per centum per annum of the amo… · (h)

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 functi… · (d)

1981

• Pub. L. 97–35 inserted "therein" after "installation" and struck out "therein" after "measure". · (d)

1980

• Pub. L. 96–399, §311(a), added cl. (v). · (d)
• Pub. L. 96–399, §336(b), substituted provisions relating to the applicable maximum principal obligation which may be insured in the area under section 1709(b) of this title, for provisions setting forth dollar amounts of $67,500 for one-family property, $76,000 for two-family,… · (d)
• Pub. L. 96–399, §310(c), inserted proviso relating to increases in dollar amount limitations. · (d)
• Pub. L. 96–399, §311(b), inserted provisions relating to locally developed strategy for neighborhood improvement, etc. · (d)
• Pub. L. 96–399, §333(b), struck out "or three-quarters of the remaining economic life of the structure, whichever is the lesser" after "loan". · (h)

1979

• Pub. L. 96–153, §312(b), substituted "$67,500" for "$60,000", "$76,000" for "$65,000" where it first appeared, "$92,000" for "$65,000" where it appeared the second time, "$107,000" for "$75,000", and "$8,250" for "$7,700". · (d)
• Pub. L. 96–153, §314, in first proviso substituted "75 per centum" for "50 per centum" and inserted exception that the dollar amount limitations may be exceeded not to exceed 90 per centum where the Secretary determines it to be necessary. · (d)

1977

• Pub. L. 95–24 struck out "in a community respecting which the Secretary of Housing and Urban Development has made the determination provided for by section 101(c) of the Housing Act of 1949, as amended" after "(as defined in title I of the Housing Act of 1949, as amended)". · (d)
• Pub. L. 95–128 substituted "$60,000" for "$45,000", "$65,000" for "$48,750" and "$75,000" for "$56,000" wherever appearing in provisions preceding cl. (1); substituted in text preceding first proviso "and (2) 95 per centum of such value in excess of $25,000" for ", (2) 90 per cen… · (d)

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", "$22,500" for "$15,000", "$25,200" f… · (d)

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. · (d)

1974

• Pub. L. 93–383, §302(b), substituted "$45,000" for "$33,000", "$48,750" for "$35,750", and "$56,000" for "$41,250" wherever appearing in provisions preceding cl. (1). · (d)
• Pub. L. 93–383, §310(b)(1), substituted "$25,000" for "$15,000". · (d)
• Pub. L. 93–383, §310(b)(2), substituted "$25,000" for "$15,000" and "$35,000" for "$25,000". · (d)
• Pub. L. 93–383, §310(b)(3), substituted "$35,000" for "$25,000". · (d)
• Pub. L. 93–383, §304(d), struck out cl. (i) which set forth mortgage ceiling of $50,000,000. · (d)
• Pub. L. 93–383, §303(c), substituted "$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" for "$24,750", and "$36,465" … · (d)

1969

• Pub. L. 91–152, §§102(b), 113(d)(1), substituted "$7,700" for "$7,000", "$25,000" for "$20,000" wherever appearing, "$33,000" for "$30,000", "$35,750" for "$32,500", and "$41,250" for "$37,500" wherever appearing. · (d)
• Pub. L. 91–152, §104, substituted provisions that the mortgage not exceed $50,000,000 for provisions that the mortgage not exceed $30,000,000, or, if executed by a mortgagor within subsec. (d)(2)(B) of this section, not exceed $50,000,000. · (d)
• Pub. L. 91–152, §113(d)(2), (3), substituted "$9,900" for "$9,000", "$11,550" for "$10,500", "$13,750" for "$12,500", "$16,500" for "$15,000" wherever appearing, "$19,800" for "$18,000", "$20,350" for "$18,500", "$23,100" for "$21,000", "$24,750" for "$22,500", and "$28,050"… · (d)
• Pub. L. 91–152, §113(d)(4), substituted "$12,000" for "$10,000". · (h)

1968

• Pub. L. 90–448, §1722(g), substituted "corporations or other legal entities restricted by or under" for "corporations restricted by". · (d)
• Pub. L. 90–448, §311(a), inserted proviso to permit the mortgage to involve the financing of the purchase of property which has been rehabilitated by a local public agency with Federal assistance pursuant to section 1460(c)(8) of Title 42. · (d)

1967

• Pub. L. 90–19, §1(a)(3), substituted "Secretary" for "Commissioner" wherever appearing in subsecs. (b), (d)(1)(B), (d)(2)(A), (d)(3)(A)(i), (iii), (iv), (d)(3) (B)(ii) to (iv), (d)(4), (e), (f)(3), (h) (1), (h)(1)(C), (h)(2)(i) to (v), (h)(3), (5) to (7), (h)(9)(B), and (h)(10), (11).
• Pub. L. 90–19, §1(a)(4), substituted "Secretary's" for "Commissioner's" wherever appearing in subsecs. (d)(3)(A)(i)(B), (ii) and (h)(2)(i), (9)(A).
• Pub. L. 90–19, §1(g)(1)–(4), substituted "Secretary of Housing and Urban Development" and "Secretary" for "Housing and Home Finance Administrator" and "Administrator" wherever appearing, "determination" for "certification to the Commissioner", and "determined" for "certified to t… · (d)

1966

• Pub. L. 89–754, §305, increased the rate in cl. (3) from 75 to "80 per centum of such replacement cost in excess of $20,000" and inserted proviso respecting mortgage limits of a mortgagor who is a veteran and the mortgage to be insured covers property upon which there is locat… · (d)
• Pub. L. 89–754, §306, provided that with respect to rehabilitation projects involving not more than five family units, the Secretary may by regulation increase by 25 per centum any of the dollar amount limitations contained in this clause which are applicable to units with t… · (d)

1965

• Pub. L. 89–117, §311(c), inserted cl. (iv). · (d)
• Pub. L. 89–117, §1108(h)(1), substituted "the General Insurance Fund" for "the section 220 Housing Insurance Fund" wherever appearing. · (d)
• Pub. L. 89–117, §209(1), struck out a second proviso which, in a case involving refinancing, prohibited the mortgage to exceed the estimated cost of repair and rehabilitation and the amount required to refinance existing indebtedness secured by the property or project. · (d)
• Pub. L. 89–117, §209(2), substituted provisions prohibiting the mortgage, in a case where the mortgagor is not the occupant of the property and intends to hold the property for rental purposes, to have a principal obligation in an amount in excess of 93 per centum of the amou… · (d)
• Pub. L. 89–117, §209(2), added cls. (iii) and (iv). · (d), (iv)
• Pub. L. 89–117, §207(c), 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 $25,500 per family u… · (d)
• Pub. L. 89–117, §210, substituted "desirable and consistent with the urban renewal plan" for "adequate to serve the needs of the occupants of the property and of other housing in the neighborhood", and inserted proviso. · (d)
• Pub. L. 89–117, §1108(h)(1), (2), substituted "the General Insurance Fund" for "the section 220 Housing Insurance Fund" wherever appearing and, in par. (3), struck out provision that, as to mortgages acquired hereunder, all references in section 1713 of this title to the Housing Insura… · (f)
• Pub. L. 89–117, §1108(h)(3), repealed subsec. (g) which created the section 220 Housing Insurance Fund, provided for transfer of funds thereto, and authorized purchase and cancellation of debentures and the receipt and payment of charges and fees. · (g)
• Pub. L. 89–117, §311(d), inserted "or in an area in which a program of concentrated code enforcement activities is being carried out pursuant to section 1468 of title 42". · (h)
• Pub. L. 89–117, §211(a), inserted proviso permitting the Commissioner by regulation to increase the amount by not to exceed 45 per centum in any geographical area where he finds that cost levels so require. · (h)
• Pub. L. 89–117, §1108(h)(3), repealed par. which created the Home Improvement Account and provided for the transfer of funds thereto, credit and charges to such Account, and disposition of surplus moneys. · (h)
• Pub. L. 89–117, §1108(h)(4), substituted "General Insurance Fund" for "section 220 Home Improvement Account" wherever appearing. · (h), (7)
• Pub. L. 89–117, §211(b), inserted "or such additional amount as the Commissioner has by regulation prescribed in any geographical area where he finds cost levels so require pursuant to the authority vested in him by proviso in paragraph (2)(i) of this subsection". · (h)

1964

• Pub. L. 88–560, §110, increased the maximum amount of the principal obligation for one-family residences from $25,000 to $30,000, for two-family residences from $27,500 to $32,500, for three-family residences from $30,000 to $32,500, for four-family residences from $35,000 to … · (d)
• Pub. L. 88–560, §111, substituted "$30,000,000" for "$20,000,000". · (d)
• Pub. L. 88–560, §107(c), 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 withou… · (d)
• Pub. L. 88–560, §105(c)(1), inserted "If the insurance payment is made in cash, there shall be added to such payment an amount equivalent to the interest which the debentures would have earned, computed to a date to be established pursuant to regulations issued by the Commissioner". · (f)
• Pub. L. 88–560, §112(a), designated definitions of "home improvement loan", "improvement", and "financial institution" in second sentence as cls. (A)(i), (B), and (C), respectively, and added cl. (A)(ii) to definition of "home improvement loan". · (h)
• Pub. L. 88–560, §112(b), inserted ", and be limited as required by paragraph (11) of this subsection". · (h)
• Pub. L. 88–560, §113, substituted "an expiration date in excess of 10 years later than the maturity date of the loan" for "a period of not less than 50 years to run from the date of the loan". · (h)
• Pub. L. 88–560, §105(c)(1), inserted "If the insurance payment is made in cash, there shall be added to such payment an amount equivalent to the interest which the debentures would have earned, computed to a date to be established pursuant to regulations issued by the Commissioner". · (h)
• Pub. L. 88–560, §112(c), added par. (11). · (h)

1961

• Pub. L. 87–70, §102(a)(2), substituted "loan and mortgage insurance" for "mortgage insurance". · (a)
• Pub. L. 87–70, §§102(a)(1), 609, increased the maximum amount of the principal obligation for one-family residences from $22,500 to $25,000, and for two-family residences from $25,000 to $27,500, substituted "$15,000" for "$13,500" in two places, "$20,000" for "$18,000" in two… · (d)
• Pub. L. 87–70, §102(a)(1), substituted "shall be based upon the sum of the estimated cost of repair and rehabilitation and the Commissioner's estimate of the value of the property before repair and rehabilitation rather than upon the Commissioner's estimate of the replacement… · (d)
• Pub. L. 87–70, §612(g), added par. (3). · (f)
• Pub. L. 87–70, §102(a)(3), added subsec. (h). · (h)

1959

• Pub. L. 86–372, §109(a)(1), (2), increased the maximum amount of the principal obligation for one-family residences from $20,000 to $22,500, for two-family residences from $20,000 to $25,000, and for three-family residences from $27,500 to $30,000, and increased the maximum am… · (d)
• Pub. L. 86–372, §109(a)(3), inserted proviso in subsec. (d)(3)(A)(ii) making the 85 per centum limitation inapplicable if the mortgagor and mortgagee assume responsibility for the reduction of the mortgage by an amount not less than 15 per centum of the outstanding principal amount thereof in the e… · (d)
• Pub. L. 86–372, §109(b), substituted "$20,000,000" for "$12,500,000". · (d)
• Pub. L. 86–372, §109(c)–(e), inserted "(excluding exterior land improvements as defined by the Commissioner)" after "dwelling use", and 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", and "$1… · (d)
• Pub. L. 86–372, §109(e), added cl. (iv). · (d)
• Pub. L. 86–372, §116(b), inserted reference to subsec. (k) of section 1710 of this title. · (f)

1958

• Pub. L. 85–364 substituted "$13,500" for "$10,000" in two places. · (d)

1957

• Pub. L. 85–104, §102, amended provisions generally, and, among other changes, raised maximum mortgage obligation from 95 to 97 percent, inserted "unless the construction of the dwelling was completed more than one year prior to the application for mortgage insurance", and as to esti… · (d)
• Pub. L. 85–10 substituted "without regard to the number of rooms being less than four, or four or more" for "or per family unit, as the case may be", in second proviso. · (d)
• Pub. L. 85–104, §112, substituted "(h), and (j) of section 1710 of this title" for "and (h) of section 1710 of this title". · (f)