12-U.S.C.-1469
§1469 – Authority to Invest In State Housing Corporations
Pathway
Title 12 > Chapter 12 > Section 1469
Details
- Reference: Section 1469
- Legend: §1469 – Authority to Invest In State Housing Corporations
- USCode Year: 2013
Provision Content
The Congress finds that Federal savings and loan associations and national banks should have the authority to assist in financing the organization and operation of any State housing corporation established under the laws of the State in which the corporation will carry on its operation. It is the purpose of this section to provide a means whereby private financial institutions can assist in providing housing, particularly for families of low- or moderate-income, by purchasing stock of and investing in loans to any such State housing corporation situated in the particular State in which the Federal savings and loan association or national bank involved is located.
(Pub. L. 93–100, §5(a), Aug. 16, 1973, 87 Stat. 343.)
References in Text
This section, referred to in text, means section 5 of Pub. L. 93–100, which enacted this section and section 1470 of this title and amended sections 24 and 1464 of this title.
Codification
Section was not enacted as part of the Home Owners’ Loan Act of 1933 which comprises this chapter.
Effective Date
Pub. L. 93–100, §8, Aug. 16, 1973, 87 Stat. 348, provided that: The provisions of this Act [enacting this section and sections 1470 and 1832 of this title, amending sections 24, 461 note, 1464, 1725, 1727 and 1828 of this title, and enacting provisions set out as notes under section 548 of this title] shall take effect on the thirtieth day after the date of its enactment [Aug. 16, 1973], except that the amendments made by sections 1 and 5 [enacting this section and section 1470 of this title and amending sections 24, 461 note, and 1464 of this title] shall take effect on the date of enactment of this Act [Aug. 16, 1973].
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1455 in the Legal Encyclopedia: Banking Law
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12-U.S.C.-1467B in the Legal Encyclopedia: Mortgage
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12-U.S.C.-1467 in the Legal Encyclopedia: Housing
In this entry about 12-U.S.C.-1467, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.
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