12-U.S.C.-1735F-1
§1735F-1 – §1735F-1. Waiver of Deduction On Assignment of Property to Secretary In Lieu of Foreclosure
Pathway
Title 12 > Chapter 13 > Subchapter V > Section 1735f-1
Details
- Reference: Section 1735f-1
- Legend: §1735F-1 – §1735F-1. Waiver of Deduction On Assignment of Property to Secretary In Lieu of Foreclosure
- USCode Year: 2013
Provision Content
Notwithstanding any other provision of this chapter, from and after November 3, 1966, the Secretary, under such terms and conditions as he may approve, may waive all or a part of the 1 per centum deduction otherwise made from insurance benefits with respect to multifamily housing or land development mortgages assigned to him, where the assignment is made at his request in lieu of foreclosure of the mortgage.
(June 27, 1934, ch. 847, title V, §523, as added Pub. L. 89–754, title III, §312, Nov. 3, 1966, 80 Stat. 1271.)
U.S. Encyclopedia of Law Coverage
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