12-U.S.C.-1747K
§1747K – Rules and Regulations
Pathway
Title 12 > Chapter 13 > Subchapter VII > Section 1747k
Details
- Reference: Section 1747k
- Legend: §1747K – Rules and Regulations
- USCode Year: 2013
Provision Content
The Secretary may make such rules and regulations as may be necessary or desirable to carry out the provisions of this subchapter, including, without limiting the foregoing, rules and regulations relating to the maintenance by the investor of books, records, and accounts with respect to the project and the examination of such books, records, and accounts by representatives of the Secretary; the submission of financial and operating statements and the approval thereof; the submission of claims for payments under insurance contracts, the proof of the validity of such claims, and the payment or disallowance thereof; the increase of the established investment if the investor shall make capital improvements or additions to the project; the decrease of the established investment if the investor shall sell part of the project; and the reduction of the outstanding investment for the appropriate operating year or operating years pending the restoration of dwelling or nondwelling facilities damaged by fire or other casualty. With respect to any investor which is subject to supervision or regulation by a State banking, insurance, or other State department or agency, the Secretary may, in carrying out any of his supervisory and regulatory functions with respect to projects insured under this subchapter, utilize, contract with, and act through, such department or agency and without regard to section 6101 of title 41.
(June 27, 1934, ch. 847, title VII, §712, as added Aug. 10, 1948, ch. 832, title IV, §401, 62 Stat. 1281; 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.)
Codification
In text, section 6101 of title 41 substituted for section 3709 of the Revised Statutes on authority of Pub. L. 111–350, §6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.
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.-1747E in the Legal Encyclopedia: Mortgage
In this entry about 12-U.S.C.-1747E, 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.-1747H in the Legal Encyclopedia: Insurance
In this entry about 12-U.S.C.-1747H, 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.
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