12-U.S.C.-1747C

§1747C – Rent Schedules

Pathway

Title 12 > Chapter 13 > Subchapter VII > Section 1747c

Details

• Reference: Section 1747c
• Legend: §1747C – Rent Schedules
• USCode Year: 2013

Provision Content

The Secretary shall require that the rents for the dwellings in any project insured under this subchapter shall be established in accordance with a rent schedule approved by the Secretary, and that the investor shall not charge or collect rents for any dwellings in the project in excess of the appropriate rents therefor as shown in the latest rent schedule approved pursuant to this section. Prior to approving the initial or any subsequent rent schedule pursuant to this section, the Secretary shall find that such schedule affords reasonable assurance that the rents to be established thereunder are (1) not lower than necessary, together with all other income to be derived from or in connection with the project, to produce reasonably stable revenues sufficient to provide for the payment of the operating expenses, the minimum annual amortization charge, and the minimum annual return; and (2) not higher than necessary to meet the need for dwellings for families of moderate income.

(June 27, 1934, ch. 847, title VII, §704, as added Aug. 10, 1948, ch. 832, title IV, §401, 62 Stat. 1277; amended Apr. 20, 1950, ch. 94, title I, §122, 64 Stat. 59; Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17.)

Amendments

1967—Pub. L. 90–19 substituted Secretary for Commissioner wherever appearing.

1950—Act Apr. 20, 1950, substituted Commissioner for Administrator wherever appearing.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-1747 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-1747, 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.-1723C in the Legal Encyclopedia: Mortgage

In this entry about 12-U.S.C.-1723C, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.

7-U.S.C.-3502 in the Legal Encyclopedia: Investment

In this entry about 7-U.S.C.-3502, find legal reference material, bibliographies and premiere content related to investment in the American Encyclopedia of Law, presenting a comprehensive view of the United States investment-specific issues, written by authorities in the field.

12-U.S.C.-1735F-9 in the Legal Encyclopedia: Insurance

In this entry about 12-U.S.C.-1735F-9, 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.

12-U.S.C.-1738 in the Legal Encyclopedia: Housing

In this entry about 12-U.S.C.-1738, 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.

Topic Map

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