12-U.S.C.-1735F
§1735F – Water and Sewerage Facilities
Pathway
Title 12 > Chapter 13 > Subchapter V > Section 1735f
Details
- Reference: Section 1735f
- Legend: §1735F – Water and Sewerage Facilities
- USCode Year: 2013
Provision Content
Notwithstanding any other provision of this chapter, no mortgage which covers new construction shall be approved for insurance under this chapter (except pursuant to a commitment made prior to August 10, 1965) if the mortgaged property includes housing which is not served by a public or adequate community water and sewerage system: Provided, That this limitation shall be applicable only to property which is not served by a system approved by the Secretary pursuant to subchapter IX–A of this chapter, as such subchapter existed immediately before December 15, 1989, and which is situated in an area certified by appropriate local officials to be an area where the establishment of public or adequate community water and sewerage systems is economically feasible: Provided further, That for purposes of this section the economic feasibility of establishing such public or adequate community water and sewerage systems shall be determined without regard to whether such establishment is authorized by law or is subject to approval by one or more local governments or public bodies.
(June 27, 1934, ch. 847, title V, §522, as added Pub. L. 89–117, title II, §217(a), Aug. 10, 1965, 79 Stat. 473; amended Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 101–235, title I, §133(d)(4), Dec. 15, 1989, 103 Stat. 2027.)
References in Text
Subchapter IX–A of this chapter, referred to in text, was repealed by Pub. L. 101–235, title I, §133(a), Dec. 15, 1989, 103 Stat. 2027.
Amendments
1989—Pub. L. 101–235 inserted , as such subchapter existed immediately before December 15, 1989, after subchapter IX–A of this chapter.
1967—Pub. L. 90–19 substituted Secretary for Commissioner.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1731A in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1731A, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-1735C in the Legal Encyclopedia: Insurance
In this entry about 12-U.S.C.-1735C, find legal reference material, bibliographies and premiere content related to insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States insurance-specific issues, written by authorities in the field.
Part B – Reinsurance Coverage in the Legal Encyclopedia: Housing
In this entry about Part B – Reinsurance Coverage, 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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