§ 1709-1. — Repealed.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1709-1]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER II--MORTGAGE INSURANCE
Sec. 1709-1. Repealed. Pub. L. 98-181, title IV, Sec. 404(a),
Nov. 30, 1983, 97 Stat. 1208
Section, Pub. L. 90-301, Sec. 3(a), May 7, 1968, 82 Stat. 113; Pub.
L. 90-448, title III, Sec. 315, Aug. 1, 1968, 82 Stat. 512; Pub. L. 91-
78, Sec. 3, Sept. 30, 1969, 83 Stat. 125; Pub. L. 91-152, title IV,
Sec. 401, Dec. 24, 1969, 83 Stat. 394; Pub. L. 91-351, title VI,
Sec. 601, July 24, 1970, 84 Stat. 461; Pub. L. 92-213, Sec. 1, Dec. 22,
1971, 85 Stat. 775; Pub. L. 92-335, Sec. 1, July 1, 1972, 86 Stat. 405;
Pub. L. 93-85, Sec. 2, Aug. 10, 1973, 87 Stat. 220; Pub. L. 93-117,
Sec. 3, Oct. 2, 1973, 87 Stat. 422; Pub. L. 93-234, title II, Sec. 208,
Dec. 31, 1973, 87 Stat. 984; Pub. L. 93-383, title III, Secs. 309(e),
317, Aug. 22, 1974, 88 Stat. 682, 685; Pub. L. 95-60, Sec. 2, June 30,
1977, 91 Stat. 257; Pub. L. 95-80, Sec. 2, July 31, 1977, 91 Stat. 339;
Pub. L. 95-128, title III, Sec. 302, Oct. 12, 1977, 91 Stat. 1131; Pub.
L. 95-406, Sec. 2, Sept. 30, 1978, 92 Stat. 880; Pub. L. 95-557, title
III, Sec. 302, Oct. 31, 1978, 92 Stat. 2096; Pub. L. 96-71, Sec. 2,
Sept. 28, 1979, 93 Stat. 501; Pub. L. 96-105, Sec. 2, Nov. 8, 1979, 93
Stat. 794; Pub. L. 96-153, title III, Sec. 302, Dec. 21, 1979, 93 Stat.
1112; Pub. L. 96-372, Sec. 3, Oct. 3, 1980, 94 Stat. 1364; Pub. L. 96-
399, title III, Secs. 302, 332, Oct. 8, 1980, 94 Stat. 1639, 1652; Pub.
L. 97-35, title III, Sec. 332, Aug. 13, 1981, 95 Stat. 413; Pub. L. 97-
289, Sec. 2, Oct. 6, 1982, 96 Stat. 1231; Pub. L. 98-35, Sec. 2, May 26,
1983, 97 Stat. 197; Pub. L. 98-109, Sec. 2, Oct. 1, 1983, 97 Stat. 746,
authorized the Secretary, until Dec. 1, 1983, to set the maximum
interest rates for certain mortgage insurance programs, notwithstanding
the authority of the Secretary of Housing and Urban Development to
establish such rates, specified the criteria to be considered in
establishing such rates, authorized the Secretary to provide that the
interest rate applicable under section 1709(b) of this title be the
negotiated interest rate specified in the commitment agreement, limited
the amount of mortgages with such negotiated interest rates which may be
insured and prohibited such negotiated interest rates with respect to
mortgages subject to section 1715z-10 of this title.
Mortgage Credit Interest Rates
Section 4 of Pub. L. 90-301, as amended by Pub. L. 90-565, Oct. 12,
1968, 82 Stat. 1001; Pub. L. 91-9, Apr. 11, 1969, 83 Stat. 7; Pub. L.
91-38, July 1, 1969, 83 Stat. 43, which established a Commission to
study mortgage interest rates and to make recommendations to assure the
availability of an adequate supply of mortgage credit at a reasonable
cost to the consumer, directed the Commission to make an interim report
not later than July 1, 1969, and a final report of its study and
recommendations not later than August 1, 1969, to enable the President,
Congress, and the Secretary of Housing and Urban Development to take
necessary action before October 1, 1969, when the authorization for the
increase in interest rates above present statutory ceilings will expire,
and provided that the Commission cease to exist sixty days after the
submission of its final report, was repealed by Pub. L. 98-181, title
IV, Sec. 404(a), Nov. 30, 1983, 97 Stat. 1208.
