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12 U.S.C. · Banks and Banking
12 U.S.C. § 1747e

Financial statements by Secretary

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

12 U.S.C. § 1747e — Financial statements by Secretary

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 VII - INSURANCE FOR INVESTMENTS IN RENTAL HOUSING FOR FAMILIES OF MODERATE INCOME Sec. 1747e - Financial statements by Secretary From the U.S. Government Publishing Office, www.gpo.gov

§1747e. Financial statements by Secretary

With respect to each project insured under this subchapter, the Secretary shall provide that, after the close of each operating year, the investor shall submit to him for approval a financial and operating statement covering such operating year. If any such financial and operating statement shall not have been submitted or, for proper cause, shall not have been approved by the Secretary, payment of any claim submitted by the investor may, at the option of the Secretary, be withheld, in whole or in part, until such statement shall have been submitted and approved.

(June 27, 1934, ch. 847, title VII, §706, as added Aug. 10, 1948, ch. 832, title IV, §401, 62 Stat. 1278; 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.)

Editorial Notes

Amendments 1967—Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing. 1950—Act Apr. 20, 1950, substituted "Commissioner" for "Administrator" wherever appearing.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 1747e 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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← 12 U.S.C. § 1747d 12 U.S.C. § 1747f →
Ch. 13 — NATIONAL HOUSING
12 U.S.C. § 170112 U.S.C. § 1701a12 U.S.C. § 1701b12 U.S.C. § 1701c12 U.S.C. § 1701c112 U.S.C. § 1701d12 U.S.C. § 1701d112 U.S.C. § 1701d312 U.S.C. § 1701d412 U.S.C. § 1701e12 U.S.C. § 1701f112 U.S.C. § 1701g12 U.S.C. § 1701g412 U.S.C. § 1701g512 U.S.C. § 1701g5a12 U.S.C. § 1701g5b12 U.S.C. § 1701g5c12 U.S.C. § 1701h12 U.S.C. § 1701h112 U.S.C. § 1701i12 U.S.C. § 1701j12 U.S.C. § 1701j112 U.S.C. § 1701j212 U.S.C. § 1701j312 U.S.C. § 1701k12 U.S.C. § 1701l12 U.S.C. § 1701l112 U.S.C. § 1701m12 U.S.C. § 1701n12 U.S.C. § 1701o
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