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12 U.S.C. § 5220a

Application of GSE conforming loan limit to mortgages assisted with TARP funds

Ch. 52 — EMERGENCY ECONOMIC STABILIZATION
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 52
Statutory Text

12 U.S.C. § 5220a — Application of GSE conforming loan limit to mortgages assisted with TARP funds

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 52 - EMERGENCY ECONOMIC STABILIZATION SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM Sec. 5220a - Application of GSE conforming loan limit to mortgages assisted with TARP funds From the U.S. Government Publishing Office, www.gpo.gov

§5220a. Application of GSE conforming loan limit to mortgages assisted with TARP funds

In making any assistance available to prevent and mitigate foreclosures on residential properties, including any assistance for mortgage modifications, using any amounts made available to the Secretary of the Treasury under title I of the Emergency Economic Stabilization Act of 2008 [12 U.S.C. 5211 et seq.], the Secretary shall provide that the limitation on the maximum original principal obligation of a mortgage that may be modified, refinanced, made, guaranteed, insured, or otherwise assisted, using such amounts shall not be less than the dollar amount limitation on the maximum original principal obligation of a mortgage that may be purchased by the Federal Home Loan Mortgage Corporation that is in effect, at the time that the mortgage is modified, refinanced, made, guaranteed, insured, or otherwise assisted using such amounts, for the area in which the property involved in the transaction is located.

(Pub. L. 111–22, div. A, title II, §205, May 20, 2009, 123 Stat. 1654.)

Editorial Notes

References in Text The Emergency Economic Stabilization Act of 2008, referred to in text, is div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765. Title I of the Act is classified principally to this subchapter. For complete classification of this Act to the Code, see Short Title note set out under section 5201 of this title and Tables.

Codification Section was enacted as part of the Helping Families Save Their Homes Act of 2009, and not as part of the Emergency Economic Stabilization Act of 2008 which comprises this chapter.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 5220a 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. § 5220 12 U.S.C. § 5220b →
Ch. 52 — EMERGENCY ECONOMIC STABILIZATION
12 U.S.C. § 520112 U.S.C. § 520212 U.S.C. § 521112 U.S.C. § 521212 U.S.C. § 521312 U.S.C. § 521412 U.S.C. § 521512 U.S.C. § 521612 U.S.C. § 521712 U.S.C. § 521812 U.S.C. § 521912 U.S.C. § 5219a12 U.S.C. § 5219b12 U.S.C. § 522012 U.S.C. § 5220a12 U.S.C. § 5220b12 U.S.C. § 522112 U.S.C. § 522212 U.S.C. § 522312 U.S.C. § 522412 U.S.C. § 522512 U.S.C. § 522612 U.S.C. § 522712 U.S.C. § 522812 U.S.C. § 522912 U.S.C. § 523012 U.S.C. § 523112 U.S.C. § 5231a12 U.S.C. § 523212 U.S.C. § 5233
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