Source: http://www4.law.cornell.edu/uscode/text/12/1715k?quicktabs_8=1
Timestamp: 2013-12-11 12:11:13
Document Index: 672972866

Matched Legal Cases: ['§ 1715', '§ 1715', '§ 1715', '§ 339', '§ 101', '§ 404', '§ 405', '§ 402', '§ 509', '§ 306', '§ 213', '§ 5', '§ 302', '§ 2', '§ 221', '§ 483']

12 USC § 1715k - Rehabilitation and neighborhood conservation housing insurance | Title 12 - Banks and Banking | U.S. Code | LII / Legal Information Institute
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12 USC § 1715k - Rehabilitation and neighborhood conservation housing insurance
not exceed 90 per centum of the amount which the Secretary estimates will be the replacement cost of the property or project when the proposed improvements are completed (the replacement cost of the property or project may include the land, the proposed physical improvements, utilities within the boundaries of the property or project, architect’s fees, taxes, and interest during construction, and other miscellaneous charges incident to construction and approved by the Secretary, and shall include an allowance for builder’s and sponsor’s profit and risk of 10 per centum of all of the foregoing items except the land unless the Secretary, after certification that such allowance is unreasonable, shall by regulation prescribe a lesser percentage: Provided, That in the case of properties other than new construction, the foregoing limitations upon the amount of the mortgage shall be based upon the sum of the estimated cost of repair and rehabilitation and the Secretary’s estimate of the value of the property before repair and rehabilitation rather than upon the Secretary’s estimate of the replacement cost: Provided further, That the mortgage may involve the financing of the purchase of property which has been rehabilitated by a local public agency with Federal assistance pursuant to section 110(c)(8) of the Housing Act of 1949 [42 U.S.C. 1460
(b),Oct. 8, 1980, 94 Stat. 1642, 1643, 1653, 1654; Pub. L. 97–35, title III, § 339B(a),Aug. 13, 1981, 95 Stat. 417; Pub. L. 97–377, title I, § 101(g),Dec. 21, 1982, 96 Stat. 1908; Pub. L. 98–181, title IV, §§ 404(b)(6), (7), 432(a), 446
(c),Nov. 30, 1983, 97 Stat. 1209, 1220, 1228; Pub. L. 100–242, title IV, §§ 405(2), 406(b)(9), 426(c), (h),Feb. 5, 1988, 101 Stat. 1899, 1901, 1916; Pub. L. 102–40, title IV, § 402(d)(2),May 7, 1991, 105 Stat. 239; Pub. L. 102–550, title V, §§ 509(c), 516(c),Oct. 28, 1992, 106 Stat. 3783, 3791; Pub. L. 103–233, title III, § 306,Apr. 11, 1994, 108 Stat. 373; Pub. L. 107–73, title II, § 213(c),Nov. 26, 2001, 115 Stat. 676; Pub. L. 107–326, § 5(b)(3),Dec. 4, 2002, 116 Stat. 2795; Pub. L. 108–186, title III, § 302(b),(d),Dec. 16, 2003, 117 Stat. 2692; Pub. L. 108–213, § 2,Apr. 1, 2004, 118 Stat. 571; Pub. L. 110–161, div. K, title II, § 221(2),Dec. 26, 2007, 121 Stat. 2436.)
Section 1720 of this title, referred to in subsec. (d)(3)(B)(iii)(III), was repealed by Pub. L. 98–181, title IV, § 483(a),Nov. 30, 1983, 97 Stat. 1240.
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.24 CFR - Title 24—Housing and Urban Development24 CFR 200 - INTRODUCTION TO FHA PROGRAMS24 CFR 205 - 24 CFR 220 - MORTGAGE INSURANCE AND INSURED IMPROVEMENT LOANS FOR URBAN RENEWAL AND CONCENTRATED DEVELOPMENT AREAS24 CFR 231 - HOUSING MORTGAGE INSURANCE FOR THE ELDERLY
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