The law › Title 12, Banks and Banking › Chapter 13
12 U.S.C. 1715n: Miscellaneous mortgage insurance
Created in 1957 by Public Law 85-104. Changed by 21 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. 1709, 12 U.S.C. 1715l, 12 U.S.C. 1715z–3, 12 U.S.C. 1715z–7, 12 U.S.C. 1715z–9.
1 part of federal rules cite it as their authority, written by Office of Assistant Secretary for Housing—federal Housing Commissioner, Department of Housing and Urban Development (1).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2005
- Pub. L. 109–115 inserted "purchase or" before "refinancing of existing debt". Law text · (f)
2002
- Pub. L. 107–116, §615(1), substituted "under this chapter, or an existing mortgage held by the Secretary that is subject to a mortgage restructuring and rental assistance sufficiency plan pursuant to the Multifamily Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 14… (Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2002) Law text · (a)
- Pub. L. 107–116, §615(1)–(5), designated as subpar. (A) existing provisions beginning "the principal amount of any such refinancing mortgage shall not exceed" and ending "a new insurance contract", redesignated former cls. (A) to (D) as (i) to (iv), respectively, of subpar. (A), … (Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2002) Law text · (a)
- Pub. L. 107–116, §615(6), (7), substituted "(B) a mortgage" for ": Provided further, That a mortgage" and struck out "or" after "and the mortgagee;". Former cl. (B) redesignated cl. (ii) of subpar. (A). (Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2002) Law text · (a)
- Pub. L. 107–116, §615(8), added subpar. (C). Former cl. (C) redesignated cl. (iii) of subpar. (A). (Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2002) Law text · (a)
- Pub. L. 107–116, §615(5), redesignated cl. (D) as cl. (iv) of subpar. (A). (Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2002) Law text · (a)
1998
- Pub. L. 105–276 substituted "the Secretary" for "him" in two places and inserted ", including a sale through another entity acting under authority of the fourth sentence of section 1710(g) of this title," before "of any property acquired". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
1994
- Pub. L. 103–327 added cl. (D). · (a)
1992
- Pub. L. 102–550, §510, added par. (6). · (d)
- Pub. L. 102–550, §511(f), inserted "existing assisted living facility," after "existing nursing home," wherever appearing. · (f), (4)
1988
- Pub. L. 100–242, §406(b)(15), inserted "other than the limitation in section 1709(g) of this title," after first reference to "this chapter,". · (a)
- Pub. L. 100–242, §429(d)(1), substituted in first proviso "such rate as may be agreed upon by the mortgagor and the mortgagee" for "a rate not in excess of the maximum rate prescribed under the applicable section or subchapter of this chapter", substituted in second proviso "maturit… · (a)
- Pub. L. 100–242, §419(b), in first proviso, inserted cl. (B) and designated former cl. (B) as (C). · (a)
- Pub. L. 100–242, §408(a), in first proviso, inserted cl. (B) designation and added cl. (A). · (a)
- Pub. L. 100–242, §427, added pars. (1) to (3), inserted par. (4) designation and "Any loan insured pursuant to this subsection shall (A) bear interest at such rate as may be agreed upon by the mortgagor and mortgagee; (B) be secured in such manner as the Secretary shall require; (C) be… · (d)
- Pub. L. 100–242, §429(d)(2), which directed substitution of "bear interest at such rate as may be agreed upon by the mortgagor and the mortgagee" for "bear interest (exclusive of premium charges for insurance) at not to exceed the per centum per annum currently permitted for mortgages insured under… · (d)
- Pub. L. 100–242, §406(b)(16), inserted reference to limitation in section 1709(g) of this title. · (e)
- Pub. L. 100–242, §409(b)(1), inserted parenthetical reference to existing nursing homes, intermediate care facilities, board and care homes, or any combination thereof after "existing hospital". · (f)
- Pub. L. 100–242, §409(b)(2), inserted parenthetical reference to existing nursing homes, intermediate care facilities, board and care homes, or any combination thereof after "existing hospital" wherever appearing. · (f)
- Pub. L. 100–242, §409(a), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: "such existing hospital has received such certifications from a State agency designated in accordance with section 291d(a)(1) or section 300m of title 42 for the State in whi… · (f)
1984
- Pub. L. 98–479 in provisions preceding subpar. (A) inserted "a" before "multifamily". · (f)
1983
- Pub. L. 98–181 added par. (5). · (f)
1981
- Pub. L. 97–35 inserted "and" after the semicolon at end of par. (2)(A), and redesignated par. (5) as (4). · (f)
1980
- Pub. L. 96–399, §327(1), redesignated first sentence of subsec. (f) as par. (1). · (f)
- Pub. L. 96–399, §327(2)–(6), redesignated second sentence of subsec. (f) as par. (2), inserted applicability to purchases, provisions authorizing the Secretary to make not to exceed $30,000,000 available for purchase authority, and provisions authorizing rent increases to maintain r… · (f)
- Pub. L. 96–399, §327(7), added par. (3). · (f)
- Pub. L. 96–399, §327(8), redesignated third sentence of subsec. (f) as par. (5). · (f)
1978
- Pub. L. 95–557 inserted "or the refinancing of existing debt of an existing hospital" after "housing project", substituted "multifamily housing project" for "housing project", and inserted provisions relating to the prescription of terms and conditions in the case of refinancing of an … · (f)
1974
- Pub. L. 93–383 added subsecs. (f) and (g). · (f), (g)
1969
- Pub. L. 91–152, §418(c), inserted provision that any loan involving a project covered by a mortgage insured under section 1715e, 1715z–1, or any section of this subchapter pursuant to subsec. (e) of this section be the obligation of the specified Fund. · (d)
- Pub. L. 91–152, §418(d), substituted "this chapter" for "this subchapter" and inserted references to subchapter IX–B. · (e)
1968
- Pub. L. 90–448, §312(a)(1), substituted "chapter" for "subchapter", "any section or subchapter of this chapter" for "section 1709, 1713, 1715e, 1715k, 1715l, 1715m, 1715v, 1715w, or 1715x of this title" and "under any section or subchapter of this chapter" for "under either of said sec… · (a)
- Pub. L. 90–448, §312(a)(2), substituted "prescribed under the applicable section or subchapter of this chapter" for "applicable to loans insured under section 1709, 1713, 1715e, 1715k, 1715l, 1715m, 1715v, 1715w, or 1715x of this title" in two places. · (a)
- Pub. L. 90–448, §312(a)(3)–(5), substituted "this chapter" for "this subchapter" in two places, and "any section or subchapter of this chapter" for "subchapters I, II, VI, VII, VIII or X of this chapter", and struck out phrase which required payment of insurance to be in debentures. · (c)
- Pub. L. 90–448, §312(b), substituted "insure under the same section as the original mortgage a loan by a mortgagee in an amount not exceeding the excess of the foregoing expenses over the project income" for "permit the excess of the foregoing expenses over the project income to be add… · (d)
- Pub. L. 90–448, §103(a), added subsec. (e). · (e)
1967
- Pub. L. 90–19, §1(a)(3), substituted "Secretary" for "Commissioner" wherever appearing in subsecs. (a) preceding par. (1), (a)(7), and (b) to (d).
- Pub. L. 90–19, §1(h), substituted "Secretary of Housing and Urban Development" and "Secretary" for "Public Housing Administration" and "said Administration", respectively. · (a)
1966
- Pub. L. 89–754 substituted "Government" and "section 3374 of title 42" for "Commissioner" and "section 1735h of this title", respectively. · (a)
1965
- Pub. L. 89–117, §213, substituted "this Act" for "section 608 of title VI prior to the effective date of the Housing Act of 1954 or under section 220, 221, 903, or section 908", which for purposes of codification has been changed to "this chapter". · (a)
- Pub. L. 89–117, §108(e)(2), added par. (8). · (a)
1964
- Pub. L. 88–560 substituted "limitations or requirements contained in this subchapter upon the eligibility of the mortgage, upon the payment of insurance premiums, or upon the terms and conditions of insurance settlement and the benefits of the insurance to be included in such settlemen… · (c)
1961
- Pub. L. 87–70, §612(h)(1), (2), included sections 1715k, 1715l, 1715v, 1715w and 1715x in the opening provisions, and, in par. (7), substituted "section 1715k, 1715l, 1750b, or 1750g of this title" for "section 1750b or 1750g of this title," "1715e, 1715k, 1715l, 1715m, 1715v, 1715w, o… · (a)
- Pub. L. 87–70, §101(d), added subsec. (b) and redesignated former subsec. (b) as (c). · (b), (c)
- Pub. L. 87–70, §612(h)(3), added subsec. (d). · (d)
1958
- Pub. L. 85–900 authorized insurance of mortgages executed in connection with the sale of property constructed under the Boulder Canyon Project Act and located in Boulder City. · (a)
1957
- Pub. L. 85–104, §114(1), substituted "1715e, or 1715m of this title" for "or 1715e of this title". · (a)
- Pub. L. 85–240 authorized insurance of mortgages executed in connection with the sale of Government housing at Coulee Dam. · (a)
- Pub. L. 85–104, §114(2), inserted "this chapter or" after "prescribed by". · (a)
- Pub. L. 85–104, §114(3), substituted "1715e, or 1715m of this title" for "or 1715e of this title" in first proviso, and substituted provisions of second proviso for former provisions which required mortgages described in pars. (1), (2), (3), (4), (5), or (6) to have maturity satisfa… · (a)
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.