12 U.S.C. · Banks and Banking
12 U.S.C. § 1735f3

Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage

Ch. 13 — NATIONAL HOUSING
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 13
Statutory Text

12 U.S.C. § 1735f3 — Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING SUBCHAPTER V - MISCELLANEOUS Sec. 1735f-3 - Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage From the U.S. Government Publishing Office, www.gpo.gov

§1735f–3. Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage

The Secretary is authorized to insure mortgage proceeds advanced during construction or rehabilitation or otherwise prior to final endorsement of a project mortgage for the purpose of (1) financing improvements to the property and the purchase of materials and building components delivered to the property, and (2) providing funds to cover the cost of building components where such components have been assembled and specifically identified for incorporation into the property but are located at a site other than the mortgaged property, with such security as the Secretary may require.

(June 27, 1934, ch. 847, title V, §525, as added Pub. L. 93–383, title III, §301, Aug. 22, 1974, 88 Stat. 676.)

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC12-SEC-F3B735
Entity Class
STATUTE / FEDERAL-CODE-SECTION
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boisestandard.org
Citation
12 U.S.C. § 1735f3
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Federal — United States
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PRIMARY-SOURCE
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✓ TRUE
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79b6bae791e1d334...
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The statutory text of 12 U.S.C. § 1735f3 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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