§ 4541. —  Regulatory authority.

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From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC4541]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
                     Part B--Authority of Secretary
 
                      subpart 1--general authority
 
Sec. 4541. Regulatory authority

    Except for the authority of the Director of the Office of Federal 
Housing Enterprise Oversight described in section 4513(b) of this title 
and all other matters relating to the safety and soundness of the 
enterprises, the Secretary of Housing and Urban Development shall have 
general regulatory power over each enterprise and shall make such rules 
and regulations as shall be necessary and proper to ensure that this 
part and the purposes of the Federal National Mortgage Association 
Charter Act [12 U.S.C. 1716 et seq.] and the Federal Home Loan Mortgage 
Corporation Act [12 U.S.C. 1451 et seq.] are accomplished.

(Pub. L. 102-550, title XIII, Sec. 1321, Oct. 28, 1992, 106 Stat. 3952.)

                       References in Text

    The Federal National Mortgage Association Charter Act, referred to 
in text, is title III of act June 27, 1934, ch. 847, 48 Stat. 1252, as 
amended, which is classified generally to subchapter III (Sec. 1716 et 
seq.) of chapter 13 of this title. For complete classification of this 
Act to the Code, see Short Title note set out under section 1716 of this 
title and Tables.
    The Federal Home Loan Mortgage Corporation Act, referred to in text, 
is title III of Pub. L. 91-351, July 24, 1970, 84 Stat. 451, as amended, 
which is classified generally to chapter 11A (Sec. 1451 et seq.) of this 
title. For complete classification of this Act to the Code, see Short 
Title and Statement of Purpose note set out under section 1451 of this 
title and Tables.