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12 U.S.C. § 1747h

Termination of insurance contract by investor

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

12 U.S.C. § 1747h — Termination of insurance contract by investor

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. 1747h - Termination of insurance contract by investor From the U.S. Government Publishing Office, www.gpo.gov

§1747h. Termination of insurance contract by investor

The investor, after written notice to the Secretary of his intention so to do, may terminate, as of the close of any operating year, any insurance contract made pursuant to this subchapter. The Secretary shall prescribe the events and conditions under which said Secretary shall have the option to terminate any insurance contract made pursuant to this subchapter, and the events and conditions under which said Secretary may reinstate any insurance contract terminated pursuant to this section or section 1747g(a) of this title. If any insurance contract is terminated pursuant to this section, the Secretary may require the investor to pay an adjusted premium charge in such amount as the Secretary determines to be equitable, but not in excess of the aggregate amount of the premium charges which such investor otherwise would have been required to pay if such insurance contract had not been so terminated.

(June 27, 1934, ch. 847, title VII, §709, as added Aug. 10, 1948, ch. 832, title IV, §401, 62 Stat. 1280; 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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12 U.S.C. § 1747h
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The statutory text of 12 U.S.C. § 1747h 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. § 1747g 12 U.S.C. § 1747i →
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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