WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 46

12 U.S.C. 4565: Duty to serve underserved markets and other requirements

Created in 1992 by Public Law 102-550. Changed by 2 later laws. No bill we track in this Congress changes it.

4 other sections of the Code cite this one, including 12 U.S.C. 4544, 12 U.S.C. 4566, 12 U.S.C. 4568, 12 U.S.C. 4569.

1 part of federal rules cite it as their authority, written by Federal Housing Finance Agency (1).

This Congress

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

    How it got here

    2008

    • Pub. L. 110–289, §1129(a)(1), inserted "Duty to serve underserved markets and" before "other" in section catchline. (Housing and Economic Recovery Act of 2008) Law text
    • Pub. L. 110–289, §1129(a)(4), added subsec. (a). Former subsec. (a) redesignated (b). (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1129(a)(3)(A)–(D), inserted "and to carry out the duty under subsection (a) of this section" before ", each enterprise shall" in introductory provisions and struck out par. (5) which read as follows: "assist in maintaining the affordability of assisted units in eligible multifamil… (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1128(c)(1), substituted "housing goals established under this subpart" for "low- and moderate-income housing goal under section 4562 of this title, the special affordable housing goal under section 4563 of this title, and the central cities, rural areas, and other underserved area… (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1129(a)(3)(E), redesignated subsec. (a) as (b). (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–289, §1129(a)(2), struck out subsec. (b). Text read as follows: "Actions taken under subsection (a)(5) of this section shall constitute part of the contribution of each entity in meeting its affordable housing goals under sections 4562, 4563, and 4564 of this title for any fiscal year, … (Housing and Economic Recovery Act of 2008) Law text · (b)
    • Pub. L. 110–289, §1129(a)(5), added subsecs. (c) and (d). (Housing and Economic Recovery Act of 2008) Law text · (c), (d)

    1997

    • Pub. L. 105–65, §517(c)(3), designated existing provisions as subsec. (a) and inserted heading. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998) Law text · (a)
    • Pub. L. 105–65, §517(c)(1), (2), (4), added par. (5). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998) Law text · (a)
    • Pub. L. 105–65, §517(c)(4), added subsec. (b). (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998) Law text · (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.