The law › Title 12, Banks and Banking › Chapter 49
12 U.S.C. 4901: Definitions
Created in 1998 by the Homeowners Protection Act of 1998 (Public Law 105-216). Changed by 1 later law. No bill we track in this Congress changes it.
3 other sections of the Code cite this one, including 12 U.S.C. 5481, 26 U.S.C. 163, 26 U.S.C. 6050H.
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2000
- Pub. L. 106–569, §402(b), inserted at end "A residential mortgage that: (A) does not fully amortize over the term of the obligation; and (B) contains a conditional right to refinance or modify the unamortized principal at the maturity date of the term, shall be considered to be an adjusta… (American Homeownership and Economic Opportunity Act of 2000) Law text · (1)
- Pub. L. 106–569, §402(a)(1)(A), substituted "the amortization schedule then in effect" for "amortization schedules". (American Homeownership and Economic Opportunity Act of 2000) Law text · (2)
- Pub. L. 106–569, §405(a)(1), inserted "the later of (i)" before "the date on which the mortgage" and ", or (ii) the date that the mortgagor submits a request for cancellation under section 4902(a)(1) of this title" before the semicolon. (American Homeownership and Economic Opportunity Act of 2000) Law text · (4)
- Pub. L. 106–569, §405(a)(2), inserted "the later of (i)" before "the date on which the mortgage" and ", or (ii) the date that the mortgagor submits a request for cancellation under section 4902(a)(1) of this title" before period at end. (American Homeownership and Economic Opportunity Act of 2000) Law text · (4)
- Pub. L. 106–569, §402(a)(1)(D), added par. (6). Former par. (6) redesignated (8). (American Homeownership and Economic Opportunity Act of 2000) Law text · (6)
- Pub. L. 106–569, §406(b), added par. (7). Former par. (7) redesignated (9). (American Homeownership and Economic Opportunity Act of 2000) Law text · (7)
- Pub. L. 106–569, §402(a)(1)(C), redesignated pars. (6) to (9) as (8) to (11), respectively. Former pars. (10) and (11) redesignated (12) and (13), respectively. (American Homeownership and Economic Opportunity Act of 2000) Law text · (8), (9), (10), (11)
- Pub. L. 106–569, §406(c), inserted "transaction" after "a residential mortgage" and inserted at end "In the case of a residential mortgage transaction for refinancing the principal residence of the mortgagor, such term means only the appraised value relied upon by the mortgagee to approv… (American Homeownership and Economic Opportunity Act of 2000) Law text · (12)
- Pub. L. 106–569, §402(a)(1)(C), redesignated par. (10) as (12). Former par. (12) redesignated (14). (American Homeownership and Economic Opportunity Act of 2000) Law text · (12)
- Pub. L. 106–569, §402(a)(1)(C), redesignated par. (11) as (13). Former par. (13) redesignated (15). (American Homeownership and Economic Opportunity Act of 2000) Law text · (13)
- Pub. L. 106–569, §406(d)(1), substituted "principal residence of the mortgagor" for "primary residence of the mortgagor". (American Homeownership and Economic Opportunity Act of 2000) Law text · (14)
- Pub. L. 106–569, §402(a)(1)(C), redesignated par. (12) as (14). Former par. (14) redesignated (16). (American Homeownership and Economic Opportunity Act of 2000) Law text · (14)
- Pub. L. 106–569, §406(d)(2), substituted "principal residence of the mortgagor" for "primary residence of the mortgagor". (American Homeownership and Economic Opportunity Act of 2000) Law text · (15)
- Pub. L. 106–569, §402(a)(1)(C), redesignated par. (13) as (15). Former par. (15) redesignated (17). (American Homeownership and Economic Opportunity Act of 2000) Law text · (15)
- Pub. L. 106–569, §402(a)(1)(C), redesignated par. (14) as (16). Former par. (16) redesignated (18). (American Homeownership and Economic Opportunity Act of 2000) Law text · (16)
- Pub. L. 106–569, §402(a)(1)(B), substituted "the amortization schedule then in effect" for "amortization schedules". (American Homeownership and Economic Opportunity Act of 2000) Law text · (16)
- Pub. L. 106–569, §402(a)(1)(C), redesignated pars. (15) and (16) as (17) and (18), respectively. (American Homeownership and Economic Opportunity Act of 2000) Law text · (17), (18)
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.