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2018 US Code
Title 12 - Banks and Banking
Chapter 13 - National Housing
Subchapter V - Miscellaneous
Sec. 1735f-3 - Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage
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| 12 U.S.C. § 1735f-3 (2018) |
| §1735f–3. Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage |
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The Secretary is authorized to insure mortgage proceeds advanced during construction or rehabilitation or otherwise prior to final endorsement of a project mortgage for the purpose of (1) financing improvements to the property and the purchase of materials and building components delivered to the property, and (2) providing funds to cover the cost of building components where such components have been assembled and specifically identified for incorporation into the property but are located at a site other than the mortgaged property, with such security as the Secretary may require. |
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(June 27, 1934, ch. 847, title V, §525, as added Pub. L. 93–383, title III, §301, Aug. 22, 1974, 88 Stat. 676.) |
| United States Code, 2018 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING SUBCHAPTER V - MISCELLANEOUS Sec. 1735f-3 - Insurance of mortgage proceeds advanced during construction or rehabilitation or prior to final endorsement of project mortgage |
| section 1735f-3 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 88 Stat. 676 |
| Public Law 93-383 |
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