12 USC Ch. 28: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 28-EMERGENCY MORTGAGE RELIEF
CHAPTER 28-EMERGENCY MORTGAGE RELIEF
Sec.
2701.
Congressional findings and declaration of purpose.
2702.
Mortgages eligible for assistance.
2703.
Manner of assistance and repayment.
(a)
Form of assistance.
(b)
Amount of assistance.
(c)
Monthly payments; extension of time; report of increase in income.
(d)
Conditions and terms of repayment; interest rate.
(e)
Deferral of commencement of repayment; security for repayment.
2704.
Insurance for emergency mortgage loans and advances.
(a)
Institutions eligible.
(b)
Amount of insurance.
(c)
Premium charge; amount.
(d)
Waiver of compliance with rules and regulations; finality and incontestability of payment for loss; transfer of insurance.
(e)
Maximum aggregate amount of loans and advances insured.
2705.
Emergency mortgage relief payments.
(a)
Direct payments to mortgagee.
(b)
Mortgages eligible; terms and conditions.
(c)
Processing of relief payments; power of Secretary.
2706.
Emergency Homeowners' Relief Fund.
2707.
Authority of Secretary.
(a)
Rules and regulations.
(b)
Payment of expenses and charges relating to acquisition, handling, improvement, or disposal of real and personal property.
(c)
Powers with respect to property rights held by Secretary.
2708.
Authorization of appropriations; limitations; expiration date for loans and advances of credit.
2709.
Waiver and relaxation by institutions and approved mortgagees of limitations with respect to mortgage delinquencies; notification to Federal supervisory agency prior to foreclosure proceedings.
2710.
Reports to Congress; time; contents.
2711.
Nonapplicability of other laws.
2712.
Federal Deposit Insurance Corporation advances to insured banks.