§ 1735e. — Acceptance of materials or products used in structures.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1735e]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER V--MISCELLANEOUS
Sec. 1735e. Acceptance of materials or products used in
structures
The Secretary shall adopt a uniform procedure for the acceptance of
materials and products to be used in structures approved for mortgages
or loans insured under this chapter. Under such procedure any material
or product which the Secretary finds is technically suitable for the use
proposed shall be accepted. Acceptance of a material or product as
technically suitable shall not be deemed to restrict the discretion of
the Secretary to determine that a structure, with respect to which a
mortgage is executed, is economically sound or an acceptable risk.
(June 27, 1934, ch. 847, title V, Sec. 521, as added Pub. L. 89-117,
title II, Sec. 216, Aug. 10, 1965, 79 Stat. 473; amended Pub. L. 90-19,
Sec. 1(a)(3), May 25, 1967, 81 Stat. 17.)
Amendments
1967--Pub. L. 90-19 substituted ``Secretary'' for ``Commissioner''
wherever appearing.
