The law › Title 12, Banks and Banking › Chapter 13
12 U.S.C. 1735b: Expenditures to correct or reimburse for structural or other major defects in mortgaged homes
Created in 1964 by Public Law 88-560. Changed by 7 later laws. No bill we track in this Congress changes it.
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
1992
- Pub. L. 102–550 substituted par. (1) and "(2) Expenditures under this subsection may be made for" for "The Secretary is authorized, with respect to any property improved by a one- to four-family dwelling that, before the beginning of construction, was approved for mortgage insurance un… · (a)
1983
- Pub. L. 98–181 substituted "that, before the beginning of construction, was approved for mortgage insurance under this chapter or for guaranty, insurance, or a direct loan under chapter 37 of title 38 and that the Secretary finds" for "approved for mortgage insurance prior to the begin… · (a)
1976
- Pub. L. 94–375, §9(a), substituted "not more than four months after August 3, 1976" for "not more than 19 months after August 22, 1974", and provision requiring expenditures be made from the insurance fund chargeable for insurance benefits on the mortgage covering the structure and app… · (b)
- Pub. L. 94–375, §9(b), added subsecs. (d) and (e). · (d), (e)
1975
- Pub. L. 94–50 substituted "one, two, three, or four" for "one or two", and "not more than 19 months" for "not more than one year". · (b)
1974
- Pub. L. 93–383 substituted provisions relating to authorization of the Secretary to make expenditures to correct, or to reimburse the owner for the correction of structural or other major defects of covered one or two family dwellings, for provisions relating to the authorization of th… · (b)
1970
- Pub. L. 91–609 added subsec. (b) and redesignated former subsec. (b) as (c). · (b), (c)
1967
- Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing. · (a), (b)
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.