2018 US Code
Title 12 - Banks and Banking
Chapter 13 - National Housing
Subchapter VII - Insurance for Investments in Rental Housing for Families of Moderate Income
Sec. 1747h - Termination of insurance contract by investor
| 12 U.S.C. § 1747h (2018) |
| §1747h. Termination of insurance contract by investor |
|
The investor, after written notice to the Secretary of his intention so to do, may terminate, as of the close of any operating year, any insurance contract made pursuant to this subchapter. The Secretary shall prescribe the events and conditions under which said Secretary shall have the option to terminate any insurance contract made pursuant to this subchapter, and the events and conditions under which said Secretary may reinstate any insurance contract terminated pursuant to this section or section 1747g(a) of this title. If any insurance contract is terminated pursuant to this section, the Secretary may require the investor to pay an adjusted premium charge in such amount as the Secretary determines to be equitable, but not in excess of the aggregate amount of the premium charges which such investor otherwise would have been required to pay if such insurance contract had not been so terminated. |
|
(June 27, 1934, ch. 847, title VII, §709, as added Aug. 10, 1948, ch. 832, title IV, §401, 62 Stat. 1280; amended Apr. 20, 1950, ch. 94, title I, §122, 64 Stat. 59; Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17.) |
|
AMENDMENTS
1967—Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing. 1950—Act Apr. 20, 1950, substituted "Commissioner" for "Administrator" wherever appearing. |
| 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 VII - INSURANCE FOR INVESTMENTS IN RENTAL HOUSING FOR FAMILIES OF MODERATE INCOME Sec. 1747h - Termination of insurance contract by investor |
| section 1747h |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 62 Stat. 1280 64 Stat. 59 81 Stat. 17 |
| Public Law 90-19 |
