§ 1735f. — Water and sewerage facilities.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1735f-6]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER V--MISCELLANEOUS
Sec. 1735f-6. Secondary mortgages held by State or local
governmental agency on insured properties
In carrying out the provisions of subchapter II of this chapter with
respect to insuring mortgages secured by a one- to four-family dwelling
unit, the Secretary may not deny such insurance for any such mortgage
solely because the dwelling unit which secures such mortgage will be
subject to a secondary mortgage or loan made or insured, or other
secondary lien held, by any State or local governmental agency or
instrumentality under terms and conditions approved by the Secretary.
(June 27, 1934, ch. 847, title V, Sec. 528, as added Pub. L. 95-557,
title III, Sec. 323, Oct. 31, 1978, 92 Stat. 2102.)
