12 U.S.C. 1715z: Homeownership or membership in cooperative association for lower income families

1989

• Pub. L. 101–235, §125(c)(1), inserted ", other than a contract in connection with a refinancing under subsection (r)," after "any new contract" in second sentence. · (c)
• Pub. L. 101–235, §125(c)(2), which directed the insertion of "(except to the extent provided in subsection (r) for mortgages insured under such subsection)" after "refinanced," in second sentence, was executed by making the insertion after "refinanced" as the probable intent of C… · (c)
• Pub. L. 101–235, §125(b), inserted at end "Notwithstanding the preceding sentence, any amounts of budget authority or contract authority recaptured from assistance payments contracts relating to mortgages that are being refinanced that are not required for assistance payments con… · (c)
• Pub. L. 101–235, §125(c)(3), inserted reference to subsec. (r). · (e)
• Pub. L. 101–235, §125(c)(4), inserted "(other than obligations in connection with mortgages insured under subsection (r))" in third sentence, "(except under subsection (r))" in sixth sentence, and "(other than a contract in connection with a mortgage insured under subsection (r))" i… · (h)
• Pub. L. 101–235, §125(c)(5), inserted sentence at end providing that the preceding sentence shall not apply to contracts in connection with mortgages insured under subsec. (r). · (h)
• Pub. L. 101–235, §125(c)(6), inserted "(except a mortgage insured under subsection (r))" after "No mortgage". · (m)
• Pub. L. 101–235, §125(c)(7), inserted "or to a mortgage insured under subsection (r)" before period at end. · (n)
• Pub. L. 101–235, §125(a), amended subsec. (r) generally. Prior to amendment, subsec. (r) read as follows: · (r)
• Pub. L. 101–144 added subsec. (r). · (r)

1988

• Pub. L. 100–242, §401(c), substituted "September 30, 1989" for "March 15, 1988". · (h)
• Pub. L. 100–242, §406(b)(18), struck out "one of the units of which is to be occupied by the owner and" after "three-family dwelling". · (i)
• Pub. L. 100–242, §170(a), substituted "(including" for "including". · (i)
• Pub. L. 100–242, §406(b)(19), struck out "if one of the units is to be occupied by the owner" after "Secretary". · (j)
• Pub. L. 100–242, §401(c), substituted "September 30, 1989" for "March 15, 1988". · (m), (q)

1987

• Pub. L. 100–200 substituted "March 15, 1988" for "December 16, 1987". · (h), (m), (q)
• Pub. L. 100–179 substituted "December 16, 1987" for "December 2, 1987". · (h), (m), (q)
• Pub. L. 100–170 substituted "December 2, 1987" for "November 15, 1987". · (h), (m), (q)
• Pub. L. 100–154 substituted "November 15, 1987" for "October 31, 1987". · (h), (m), (q)
• Pub. L. 100–122 substituted "October 31, 1987" for "September 30, 1987". · (h), (m), (q)

1986

• Pub. L. 99–430 substituted "September 30, 1987" for "September 30, 1986". · (h), (m), (q)
• Pub. L. 99–345 substituted "September 30, 1986" for "June 6, 1986". · (h), (m), (q)
• Pub. L. 99–289 substituted "June 6, 1986" for "April 30, 1986". · (h), (m), (q)
• Pub. L. 99–272 made amendment identical to Pub. L. 99–219. See 1985 Amendment note below. · (h), (m), (q)
• Pub. L. 99–267 substituted "April 30, 1986" for "March 17, 1986". · (h), (m), (q)

1985

• Pub. L. 99–219 substituted "March 17, 1986" for "December 15, 1985". · (h), (m), (q)
• Pub. L. 99–156 substituted "December 15, 1985" for "November 14, 1985". · (h), (m), (q)
• Pub. L. 99–120 substituted "November 14, 1985" for "September 30, 1985". · (h), (m), (q)

1984

• Pub. L. 98–479, §102(a)(1), inserted "utilizing amounts approved in appropriation Acts before November 30, 1983," before "except (i)" and substituted "September 30, 1985" for "November 30, 1983" in last sentence. · (h)
• Pub. L. 98–479, §204(a)(8), substituted "Secretary" for "Seretary" before "authorizes an increase". · (i)
• Pub. L. 98–479, §104(a)(3), substituted "bear interest at a rate not to exceed such percent per annum on the amount of the principal obligation outstanding at any time as the Secretary determines is necessary to meet the mortgage market, taking into consideration the yields on mo… · (j)

1983

• Pub. L. 98–181, §226(a), substituted "Subject to the second sentence of this paragraph, the" for "The", and inserted provision limiting to a 10-year period assistance payments pursuant to any new contract entered into after Sept. 30, 1983, utilizing authority approved in appropriati… · (c)
• Pub. L. 98–181, §226(b), added par. (3). · (c)
• Pub. L. 98–181, §226(c), struck out "and" after "on July 1, 1971", and inserted ", and by such sums as may be approved in an appropriation Act on or after October 1, 1983 (from the additional authority to enter into contracts made available on such date under the first sentence of s… · (h)
• Pub. L. 98–109, §1(d)(1), substituted "November 30, 1983" for "September 30, 1983". · (h)
• Pub. L. 98–181, §226(d)(1), substituted "three-family" for "two-family", and "involve a single-family or a two-family" for "involve a single-family". · (i)
• Pub. L. 98–181, §423(b)(5)(A), (B), struck out ": Provided, That the foregoing maximum mortgage amounts may be increased by the amount of the mortgage insurance premium paid at the time the mortgage is insured" after "$55,000, respectively". · (i), (C)
• Pub. L. 98–181, §423(b)(5)(C), struck out ": Provided, That the foregoing maximum mortgage amounts may be increased by the amount of the mortgage insurance premium paid at the time the mortgage is insured" after "cost levels so require)". · (i)
• Pub. L. 98–181, §226(d)(2), inserted "or three-family" and substituted "$60,000" for "$55,000" and "$66,250" for "$61,250". · (i)
• Pub. L. 98–181, §404(b)(12), added subpar. (F). · (i)
• Pub. L. 98–181, §226(d)(3), added pars. (4) and (5). · (i), (5)
• Pub. L. 98–181, §226(e)(1), substituted "two- to three-family" for "two-family". · (j)
• Pub. L. 98–181, §226(e)(2), added par. (9). · (j)
• Pub. L. 98–181, §401(d)(1), substituted "September 30, 1985" for "November 30, 1983". · (m)
• Pub. L. 98–109, §1(d)(2), substituted "November 30, 1983" for "September 30, 1983". · (m)
• Pub. L. 98–35, §1(d)(1), substituted "September 30, 1983" for "May 20, 1983". · (m)
• Pub. L. 98–181, §401(d)(2), substituted "September 30, 1985" for "November 30, 1983". · (q)
• Pub. L. 98–109, §1(d)(3), substituted "November 30, 1983" for "September 30, 1983". · (q)
• Pub. L. 98–35, §1(d)(2), substituted "September 30, 1983" for "May 20, 1983". · (q)

1982

• Pub. L. 97–289, §1(d)(1), substituted "May 20, 1983" for "September 30, 1982" in two places. · (h)
• Pub. L. 97–253, §201(f)(1), inserted provision that the foregoing maximum mortgage amounts may be increased by the amount of the mortgage insurance premium paid at the time the mortgage is insured. · (i)
• Pub. L. 97–253, §201(f)(2), inserted provision that the foregoing maximum mortgage amounts may be increased by the amount of the mortgage insurance premium paid at the time the mortgage is insured. · (i)
• Pub. L. 97–253, §201(f)(3), inserted provision that the foregoing maximum mortgage amounts may be increased by the amount of the mortgage insurance premium paid at the time the mortgage is insured. · (i)
• Pub. L. 97–253, §201(f)(4), inserted "(excluding the mortgage insurance premium paid at the time the mortgage is insured)" after "cost of acquisition". · (i)
• Pub. L. 97–289, §1(d)(2), substituted "May 20, 1983" for "September 30, 1982". · (m)
• Pub. L. 97–289, §1(d)(3), substituted "May 20, 1983" for "September 30, 1982". · (q)

1981

• Pub. L. 97–35, §328(a), struck out provisions relating to homeowner ceasing to make payments for a period of 90 continuous days or more under the mortgage, etc. · (c)
• Pub. L. 97–110 expanded enumeration of exceptions to provision that the Secretary not enter into new contracts for assistance payments under this section after March 31, 1982, by designating the two existing exceptions as cls. (i) and (ii) and by adding cl. (iii). · (h)
• Pub. L. 97–35, §328(b), inserted provisions prohibiting new contracts for assistance under this section after Mar. 1, 1982, except pursuant to specified exceptions. · (h)
• Pub. L. 97–35, §331(d)(1), substituted "1982" for "1981". · (m)
• Pub. L. 97–35, §331(d)(2), substituted "September 30, 1982" for "June 1, 1981". · (q)
• Pub. L. 97–35, §328(c), struck out provisions relating to homeowner ceasing to make payments for a period of 90 continuous days or more under the mortgage, etc. · (q)

1980

• Pub. L. 96–399, §308(c)(1), substituted "manufactured home" for "mobile home" wherever appearing. · (a)
• Pub. L. 96–399, §308(c)(2), substituted "manufactured homeowner" and "manufactured homeowner's" for "mobile homeowner" and "mobile homeowner's", respectively. · (a)
• Pub. L. 96–399, §206(a)(1), substituted in last proviso "$40,000" for "$32,000", "$47,500" for "$38,000" in two places, and "$55,000" for "$44,000". · (b)
• Pub. L. 96–399, §206(b)(1), designated existing provisions as par. (1), redesignated existing pars. (1) and (2) as subpars. (A) and (B), respectively, and added par. (2). · (c)
• Pub. L. 96–399, §206(a)(2), (3), substituted "$40,000" for "$32,000", "$47,500" for "$38,000", "$55,000" for "$44,000", and "$61,250" for "$49,000". · (i)
• Pub. L. 96–399, §301(d), substituted "September 30, 1981" for "October 15, 1980". · (m)
• Pub. L. 96–372 substituted "October 15, 1980" for "September 30, 1980". · (m)
• Pub. L. 96–399, §206(a)(4), added subsec. (p). · (p)
• Pub. L. 96–399, §207, added subsec. (q). · (q)

1979

• Pub. L. 96–153, §213(a), inserted provision that the Secretary give preference to low-income families who are likely to be displaced without assistance and that the assistance may include the acquisition of a condominium or membership in a cooperative association. · (a)
• Pub. L. 96–153, §213(c)(2), inserted parenthetical reference to 4 per centum per annum rate in the case of a mortgage described in subsec. (o) of this section. · (c)
• Pub. L. 96–153, §213(b), substituted "standards as the Secretary may prescribe:" for "standards as the Secretary may prescribe, if the mortgagor qualifies as a displaced family as defined in section 1715l(f) of this title, or a family which includes five or more minor persons, or… · (i)
• Pub. L. 96–153, §301(d), substituted "September 30, 1980" for "November 30, 1979". · (m)
• Pub. L. 96–105 substituted "November 30, 1979" for "October 31, 1979". · (m)
• Pub. L. 96–71 substituted "October 31, 1979" for "September 30, 1979". · (m)
• Pub. L. 96–153, §213(c)(1), added subsec. (o). · (o)

1978

• Pub. L. 95–557 substituted "September 30, 1979" for "October 31, 1978". · (m)
• Pub. L. 95–406 substituted "October 31, 1978" for "September 30, 1978". · (m)

1977

• Pub. L. 95–128, §§205, 303(f)(1), inserted reference to section 1715l(d)(3) of this title and substituted in last proviso "$32,000" for "$25,000", "$38,000" for "$29,000" in two places, and "$44,000" for "$33,000". · (b)
• Pub. L. 95–128, §303(f)(2)–(4), substituted in subpar. (B) "$32,000" for "$25,000", "$38,000" for "$29,000" in two places, and "$44,000" for "$33,000", added subpars. (C) and (D), and redesignated former subpar. (C) as (E). · (i)
• Pub. L. 95–128, §301(d), substituted "September 30, 1978" for "September 30, 1977". · (m)
• Pub. L. 95–128, §303(f)(5), added subsec. (n). · (n)

1976

• Pub. L. 94–375, §3(f)(1), designated existing provisions as par. (1) and added par. (2). · (a)
• Pub. L. 94–375, §3(b), substituted "$25,000" for "$21,600", "$29,000" for "$25,200" in two places, and "$33,000" for "$28,800". · (b)
• Pub. L. 94–375, §3(f)(2), inserted "(a)(2)(B)," after "computed under subsection". · (e)
• Pub. L. 94–375, §3(e), substituted "95 per centum" for "80 per centum" wherever appearing. · (h)
• Pub. L. 94–375, §3(c), substituted "$25,000" for "$21,600", "$29,000" for "$25,200" in two places, and "$33,000" for "$28,800". · (i)
• Pub. L. 94–375 §3(a), substituted "September 30, 1977" for "June 30, 1976". · (m)

1974

• Pub. L. 93–383, §211(b), inserted provisions relating to mortgages assisted under a State or local program providing assistance through loans, etc. · (a)
• Pub. L. 93–383, §211(c)(1), substituted "$21,600" for "$18,000", "$25,200" for "$21,000" in two places, and "$28,800" for "$24,000". · (b)
• Pub. L. 93–383, §211(a)(1), (2), inserted provisions relating to increases by such sums as may be approved in appropriations Acts after June 30, 1974, and prior to July 1, 1976, and provisions prohibiting new contracts for assistance payments upon the expiration of one year followin… · (h)
• Pub. L. 93–383, §211(a)(3), substituted provisions setting forth requirements for assistance payments for families for provisions setting forth maximum income limits of families receiving assistance payments under contracts and provisions relating to annual report to Congressional C… · (h)
• Pub. L. 93–383, §211(a)(4), substituted "on or after July 1, 1969" for "prior to July 1, 1972". · (h)
• Pub. L. 93–383, §211(a)(5), inserted provisions authorizing insurance of advances for property construction or rehabilitation pursuant to self-help programs. · (i)
• Pub. L. 93–383, §211(c)(2), substituted "$21,600" for "$18,000", "$25,200" for "$21,000" in two places, and "$28,800" for "$24,000". · (i)
• Pub. L. 93–383, §211(a)(6), struck out provisions relating to execution by a mortgagor in the case of a family whose income is not in excess of 135 per centum of the maximum income limits established in the area pursuant to specified limitations or any other family. · (i)
• Pub. L. 93–383, §211(a)(7), substituted "June 30, 1976" for "October 1, 1974". · (m)

1973

• Pub. L. 93–117 substituted "October 1, 1974" for "October 1, 1973". · (m)
• Pub. L. 93–85 substituted "October 1, 1973" for "June 30, 1973". · (m)

1972

• Pub. L. 92–503 substituted "June 30, 1973" for "October 1, 1972". · (m)

1970

• Pub. L. 91–609, §107, designated existing provisions as cl. (A) and added cl. (B). · (b)
• Pub. L. 91–609, §102(a), in second sentence, inserted "outstanding" before "contracts" where first appearing and substituted "$150,000,000 on July 1, 1970" and "$200,000,000 on July 1, 1971" for "$125,000,000 on July 1, 1970" and "$170,000,000 on July 1, 1971". · (h)
• Pub. L. 91–609, §105(1), substituted "July 1, 1972" for "July 1, 1971". · (h)
• Pub. L. 91–609, §105(2), added par. (4). · (h)
• Pub. L. 91–609, §106, substituted "and which is approved by the Secretary" for "if the dwelling is purchased with the assistance of a nonprofit organization and is approved by the Secretary". · (i)
• Pub. L. 91–609, §101(d), substituted "October 1, 1972" for "October 1, 1971". · (m)

1969

• Pub. L. 91–152, §§106(b), 113(i), substituted provisions qualifying for assistance payments the transferee of any cooperative member who has received assistance payments, provided that such transferee undertakes the obligation to pay occupancy charges, for provisions qualifying for … · (b)
• Pub. L. 91–152, §§106(a), 418(a), inserted reference to subsection (i) of this section, and inserted the further proviso authorizing the Secretary to continue making assistance payments. · (c)
• Pub. L. 91–152, §107(a), substituted "$125,000,000 on July 1, 1969, by "$125,000,000 on July 1, 1970, and by $170,000,000 on July 1, 1971" for "$100,000,000 on July 1, 1969, and by $125,000,000 on July 1, 1970". · (h)
• Pub. L. 91–152, §412(b), required the Secretary to report semiannually instead of annually to the respective Committees on Banking and Currency of the Senate and House of Representatives. · (h)
• Pub. L. 91–152, §109(1), inserted "and" after "July 1, 1969". · (h)
• Pub. L. 91–152, §109(2), substituted "30 per centum" for "15 per centum" and "July 1, 1971," for "July 1, 1970, and". · (h)
• Pub. L. 91–152, §109(2), struck out subsec. (h)(3)(C) which limited the amount available for home-ownership assistance payments to 10 per centum of the total additional amount of contracts for assistance payments authorized by appropriation Acts made prior to July 1, 1971. · (h)
• Pub. L. 91–152, §113(i), substituted "$18,000" for "$15,000", "$21,000" for "$17,500" wherever appearing, and "$24,000" for "$20,000". · (i)
• Pub. L. 91–152, §101(d), added subsec. (m). · (m)