The law › Title 42, The Public Health and Welfare › Chapter 8A
42 U.S.C. 1472: Loans for housing and buildings on adequate farms
Created in 1961 by Public Law 87-70. Changed by 24 later laws. 1 new law this Congress changed it.
20 other sections of the Code cite this one, including 7 U.S.C. 1981, 7 U.S.C. 1991, 12 U.S.C. 1701x, 12 U.S.C. 1717, 15 U.S.C. 1639c.
- past change
- enacted this Congress
- proposed
This Congress
- H.R. 6644 21st Century ROAD to Housing Act · became law · changed (a), (h)
How it got here
2018
- Pub. L. 115–141 added par. (1) and struck out former par. (1). Prior to amendment, text read as follows: "The Secretary may assess and collect a fee for a lender to access the automated underwriting systems of the Department in connection with such lender's participation in the sing… (Consolidated Appropriations Act, 2018) Law text · (i)
2016
2010
- Pub. L. 111–212 amended par. (8) generally. Prior to amendment, text read as follows: "With respect to a guaranteed loan under this subsection, the Secretary may collect from the lender at the time of issuance of the guarantee a fee equal to not more than 1 percent of the principal … (Supplemental Appropriations Act, 2010) Law text · (h)
2009
- Pub. L. 111–22, §101(b)(1), substituted "(as defined in paragraph (17))" for "(as defined in paragraph (13))". Law text · (h)
- Pub. L. 111–22, §101(a), added pars. (13) to (15) and redesignated former par. (13) as (16). Former par. (14) redesignated (17). Law text · (h)
- Pub. L. 111–22, §101(a)(1), redesignated par. (14) as (17). Law text · (h)
- Pub. L. 111–22, §101(b)(2), which directed amendment of "paragraph (18)(E)[ ](as so redesignated by subsection (a)(2))" by substituting "paragraphs (3), (6), (7)(A), (8), (10), (13), and (14)" for "paragraphs (3), (6), (7)(A), (8), and (10)" and "paragraphs (2) through (15)" for… Law text · (h)
2004
- Pub. L. 108–285, §3(b)(3), substituted "Doug Bereuter section 502 single family housing loan guarantee program" for "Guaranteed loans" in heading. (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(b)(1), (2), added par. (1) and redesignated former pars. (1) to (3) as (2) to (4), respectively. Former par. (4) redesignated (5). (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(b)(1), redesignated par. (4) as (5). Former par. (5) redesignated (6). (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(c)(1), substituted "paragraph (13)" for "paragraph (12)(A)". (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(b)(1), redesignated par. (5) as (6). Former par. (6) redesignated (7). (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(b)(1), redesignated par. (6) as (7). Former par. (7) redesignated (8). (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–447, which directed insertion of ", plus the guarantee fee as authorized by subsection (h)(7)" after "whichever is less" in pars. (i) and (ii) of subsec. (h)(6)(C), was executed by making the insertion in cls. (i) and (ii) of par. (7)(C), to reflect the probable inten… (Consolidated Appropriations Act, 2005) Law text · (h)
- Pub. L. 108–285, §3(b)(1), redesignated pars. (7) to (12) as (8) to (13), respectively. Former par. (13) redesignated (14). (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(b)(1), redesignated par. (13) as (14). (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(c)(2)(A), made technical amendment to heading in original Act. (Helping Hands for Homeownership Act of 2004) Law text · (h)
- Pub. L. 108–285, §3(c)(2)(B), substituted "paragraph (2) and paragraphs (3), (6), (7)(A), (8), and (10)" for "paragraph (1) and paragraphs (2), (5), (6)(A), (7), and (9)" and "paragraphs (2) through (13)" for "paragraphs (1) through (12)". (Helping Hands for Homeownership Act of 2004) Law text · (h)
2000
- Pub. L. 106–569 added par. (13). (American Homeownership and Economic Opportunity Act of 2000) Law text · (h)
1998
- Pub. L. 105–276, §599C(e)(2)(A)(i), substituted ", (a)(2), or (5)" for "or (a)(2)". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
- Pub. L. 105–276, §599C(e)(2)(A)(ii), inserted before period at end ", or additional assistance or an increase in assistance provided under section 1490a(a)(5) of this title". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
- Pub. L. 105–276, §599C(e)(2)(A)(iii), was executed by inserting "or 1490a(a)(5)" after "section 1490a(a)(2)" to reflect the probable intent of Congress, notwithstanding the fact that the verb "inserting" was missing from the directory language. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
- Pub. L. 105–276, §599C(e)(2)(A)(iv), inserted before period at end ", or current tenants of projects not assisted under section 1490a(a)(5) of this title". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
- Pub. L. 105–276, §599C(e)(2)(A)(v), struck out comma after "1490a(a)(2)(A) of this title" and inserted "or any assistance payments received under section 1490a(a)(5) of this title," before "with respect". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
- Pub. L. 105–276, §599C(e)(2)(A)(vi), inserted before period at end "or, in the case of housing assisted under section 1490a(a)(5) of this title, does not exceed the rents established for the project under such section". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)
- Pub. L. 105–276, §599C(f), which directed the striking out of ", subject to the maximum dollar amount limitation of section 203(b)(2) of the National Housing Act" each place it appeared, was executed by striking out ", subject to the maximum dollar limitation of section 203(b)(2)… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (h)
1996
- Pub. L. 104–180, §734(c)(3)(A), inserted before period at end "or under paragraphs (1) and (2) of section 1484(j) of this title, except that an equity loan referred to in this clause may not be made available after August 6, 1996, unless the Secretary determines that the othe… (Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1997) Law text · (c)
- Pub. L. 104–180, §734(c)(3)(B), in introductory provisions substituted "The Secretary may approve assistance under subparagraph (B) for assisted housing only if the restrictive period has expired for any loan for the housing made or insured under section 1484 or 1485 of this titl… (Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1997) Law text · (c)
1992
- Pub. L. 102–550, §702(a), added par. (3). · (a)
- Pub. L. 102–550, §712(a)(1), (2), substituted "prior to December 15, 1989" for "before December 21, 1979". · (c), (4)
- Pub. L. 102–550, §712(b), added cl. (vi). · (e)
- Pub. L. 102–550, §712(a)(3), (4), substituted "prior to December 15, 1989" for "before December 21, 1979". · (e), (G)
- Pub. L. 102–550, §704, inserted "or on tribal allotted or Indian trust land" in pars. (1) and (2). · (f)
- Pub. L. 102–550, §701(g), substituted "1993 and 1994" for "1991 and 1992". · (g)
- Pub. L. 102–550, §703, inserted "115 percent of" after "exceed". · (h)
1991
- Pub. L. 102–142 struck out before period at end "that is more than 25 miles from an urban area or densely populated area". · (h)
1990
- Pub. L. 101–625, §719(b), inserted "initial" after "any". · (c)
- Pub. L. 101–625, §704(a), added subsec. (f). · (f)
- Pub. L. 101–625, §705(a), added subsec. (g). · (g)
- Pub. L. 101–625, §706(b), added subsec. (h). · (h)
1989
- Pub. L. 101–235 designated existing provisions as subpar. (A), redesignated former subpars. (A) and (B) as cls. (i) and (ii), respectively, inserted "but before December 15, 1989," after "December 21, 1979," in introductory provisions and cl. (i), and added subpar. (B). · (c)
1988
- Pub. L. 100–242, §241, added par. (3). · (c)
- Pub. L. 100–242, §241, added par. (4). · (c)
- Pub. L. 100–628, §1028(a), substituted "paragraphs (1) and (2) of section 1485(c)" for "paragraphs (7) and (8) of section 1485(b)". · (c)
- Pub. L. 100–242, §241, added par. (5). · (c)
- Pub. L. 100–628, §1028(b), added cl. (iii). · (c)
- Pub. L. 100–628, §1028(c), substituted "Definitions" for "Definition" in heading and amended text generally. Prior to amendment, text read as follows: "For purposes of this paragraph, the term 'nonprofit organization' means any private organization— · (c)
- Pub. L. 100–242, §314, added par. (3). · (e)
1984
- Pub. L. 98–479 substituted "percent of the funds approved in appropriation Acts for use under this section shall be set aside and made available only for very low-income families or persons" for "per centum of the dwelling units financed under this section shall be available only fo… · (d)
- Pub. L. 98–479 substituted "percent of the funds allocated to each State under this section shall be available only for very low-income families or persons" for "per centum of the dwelling units in each State financed under this section shall be available only for occupancy by very … · (d)
1983
- Pub. L. 98–181, §503(d)(1), (2), designated existing provisions as par. (1) and substituted "The Secretary may accept the personal liability of any person with adequate repayment ability who will cosign the applicant's note to compensate for any deficiency in the applicant's repayme… · (a)
- Pub. L. 98–181, §503(d)(3), added par. (2). · (a)
- Pub. L. 98–181, §503(a), added subsecs. (d) and (e). · (d), (e)
1980
- Pub. L. 96–399, in par. (1), substituted "The Secretary may not accept" for "Except as provided in paragraph (2), the Secretary may not accept", and "entered into after" for "entered into before or after" in two places, and in par. (2) substituted provisions granting priority for reloc… · (c)
1979
- Pub. L. 96–153, §503(a), inserted provisions that prepayment of loans made or insured under section 1484 or 1485 of this title shall be subject to the provisions of subsec. (c) of this section. · (b)
- Pub. L. 96–153, §503(b), added subsec. (c). · (c)
1977
- Pub. L. 95–128 inserted introductory phrase "except for guaranteed loans,". · (b)
1974
- Pub. L. 93–383 inserted provisions relating to the borrower prepaying to the Secretary as escrow agent taxes, insurance, and other expenses required by the Secretary in accordance with section 1471(e) of this title. · (a)
1966
- Pub. L. 89–754 substituted "The" for "In cases of applicants who are elderly persons, the" in third sentence. · (a)
1965
- Pub. L. 89–117 increased to 5 per centum the interest rate in the case of applicants described in clauses (1) and (2) of section 1471(a) of this title and also authorized the Secretary to charge fees on loans made or insured under this subchapter. · (a)
1962
- Pub. L. 87–723 authorized the Secretary to accept, in the case of applicant's who are elderly persons, the personal liability of any person with adequate repayment ability who will cosign the applicant's note to compensate for any deficiency in the applicant's repayment ability. · (a)
1961
- Pub. L. 87–70 substituted "or such other security" for "and such additional security". · (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.