WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 13

12 U.S.C. 1715z-14: Risk-sharing demonstration

Created in 1983 by Public Law 98-181. Changed by 14 later laws. No bill we track in this Congress changes it.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2000

    • Pub. L. 106–554, §1(a)(7) [title I, §143(1)], substituted "Risk-sharing demonstration" for "Reinsurance contracts" in section catchline. (Consolidated Appropriations Act, 2001) Law text
    • Pub. L. 106–554, §1(a)(7) [title I, §143(2), (3)], in heading and first sentence substituted "risk-sharing" for "reinsurance" wherever appearing, in first sentence inserted "and with insured community development financial institutions" after "private mortgage insurers", in second sent… (Consolidated Appropriations Act, 2001) Law text · (a)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(2), (4)(A), (B)], in first sentence of introductory provisions, substituted ", in providing" for "to provide", ", to enter into" for "through" and "risk-sharing" for "reinsurance" and inserted "and with insured community development financial in… (Consolidated Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(4)(C)], added par. (1) and struck out former par. (1) which read as follows: "assume a percentage of loss on any mortgage insured pursuant to section 1709(b), 1715y, or 1715z–10 of this title covering a one- to four-family dwelling, which per… (Consolidated Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(2)], substituted "risk-sharing" for "reinsurance". (Consolidated Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(4)(D)], substituted "perform or delegate underwriting," for "carry out (under appropriate delegation) such" and "functions as the Secretary" for "function as the Secretary pursuant to regulations," and inserted before period at end "and shall… (Consolidated Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(2), (5)], in first sentence, substituted "contract for" for "contract of" and "risk-sharing" for "reinsurance", inserted "received by the Secretary with a private mortgage insurer or insured community development financial institution" after "sh… (Consolidated Appropriations Act, 2001) Law text · (c)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(2), (6)], inserted "or insured community development financial institution" after "private mortgage insurance company" and substituted "risk-sharing" for "reinsurance". (Consolidated Appropriations Act, 2001) Law text · (d)
    • Pub. L. 106–554, §1(a)(7) [title I, §143(7)], added subsec. (e). (Consolidated Appropriations Act, 2001) Law text · (e)

    1987

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

    1986

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

    1985

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