Source: http://www.law.cornell.edu/uscode/text/12/1707?quicktabs_8=2
Timestamp: 2013-05-21 09:40:26
Document Index: 391908490

Matched Legal Cases: ['§ 1707', '§ 1707', '§ 1707', '§ 201', '§ 3', '§ 4', '§ 122', '§ 10', '§ 10', '§ 6', '§ 1', '§ 403', '§ 306', '§ 407', '§ 425', '§ 2117', '§ 2117', '§ 2120', '§ 2117', '§ 4', '§ 4', '§ 371']

12 USC § 1707 - Definitions | Title 12 - Banks and Banking | U.S. Code | LII / Legal Information Institute
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12 USC § 1707 - Definitions
The term “mortgage” means (A)
a first mortgage on real estate, in fee simple, (B)
a first mortgage on a leasehold on real estate (i)
under a lease for not less than ninety-nine years which is renewable, or (ii)
under a lease having a period of not less than ten years to run beyond the maturity date of the mortgage, or (C)
a first mortgage given to secure the unpaid purchase price of a fee interest in, or long-term leasehold interest in, real estate consisting of a one-family unit in a multifamily project, including a project in which the dwelling units are attached, or are manufactured housing units, semi-detached, or detached, and an undivided interest in the common areas and facilities which serve the project; and the term “first mortgage” means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State, in which the real estate is located, together with the credit instruments, if any, secured thereby.
(June 27, 1934, ch. 847, title II, § 201,48 Stat. 1247; Feb. 3, 1938, ch. 13, § 3,52 Stat. 9; Mar. 28, 1941, ch. 31, § 4(a),55 Stat. 61; Apr. 20, 1950, ch. 94, title I, § 122,64 Stat. 59; July 14, 1952, ch. 723, § 10(a)(2),66 Stat. 603; Pub. L. 86–70, § 10(a),June 25, 1959, 73 Stat. 142; Pub. L. 86–624, § 6,July 12, 1960, 74 Stat. 411; Pub. L. 90–19, § 1(a)(3),May 25, 1967, 81 Stat. 17; Pub. L. 91–152, title IV, § 403(c)(1),Dec. 24, 1969, 83 Stat. 395; Pub. L. 96–399, title III, § 306,Oct. 8, 1980, 94 Stat. 1640; Pub. L. 98–181, title IV, § 407(b),Nov. 30, 1983, 97 Stat. 1211; Pub. L. 104–204, title IV, § 425(b),Sept. 26, 1996, 110 Stat. 2928; Pub. L. 110–289, div. B, title I, §§ 2117(b), (c), 2120(c),July 30, 2008, 122 Stat. 2833, 2835.)
2008—Subsec. (a). Pub. L. 110–289, § 2117(b), inserted “(A)” before “a first mortgage”, substituted “(B) a first mortgage on a leasehold on real estate (i)” for “or on a leasehold (1)” and “, or (ii)” for “or (2)”, and inserted “, or (C) a first mortgage given to secure the unpaid purchase price of a fee interest in, or long-term leasehold interest in, real estate consisting of a one-family unit in a multifamily project, including a project in which the dwelling units are attached, or are manufactured housing units, semi-detached, or detached, and an undivided interest in the common areas and facilities which serve the project” before semicolon.
Subsec. (d). Pub. L. 110–289, § 2120(c), substituted “the Commonwealth of the Northern Mariana Islands” for “the Trust Territory of the Pacific Islands”.
Subsec. (g). Pub. L. 110–289, § 2117(c), added subsec. (g).
1996—Subsecs. (e), (f). Pub. L. 104–204added subsecs. (e) and (f).
1983—Subsec. (d). Pub. L. 98–181inserted “American Samoa,” after “Pacific Islands,”.
1980—Subsec. (a). Pub. L. 96–399substituted “ten years to run beyond the maturity date of the mortgage” for “fifty years to run from the date the mortgage was executed”.
1969—Subsec. (d). Pub. L. 91–152inserted “the Trust Territory of the Pacific Islands” after “Guam”.
1967—Subsec. (b). Pub. L. 90–19substituted “Secretary” for “Commissioner”.
1960—Subsec. (d). Pub. L. 86–624struck out “Hawaii,” before “Puerto Rico”.
1959—Subsec. (d). Pub. L. 86–70struck out “Alaska,” before “Hawaii”.
1941—Subsec. (a). Act Mar. 28, 1941, § 4(a)(1), struck out “district, or Territory”.
Subsec. (d). Act Mar. 28, 1941, § 4(a)(2), added subsec. (d).
Section 541 ofPub. L. 102–550was transferred and is set out as a note under section 1701 of this title;
Section 542 ofPub. L. 102–550was transferred to section 1715z–22 of this title;
Section 543 ofPub. L. 102–550, as amended by Pub. L. 111–203, title III, § 371,July 21, 2010, 124 Stat. 1565, was omitted from the Code;
Section 544 ofPub. L. 102–550was transferred to section 1715z–22a of this title.
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 58 - ENVIRONMENTAL REVIEW PROCEDURES FOR ENTITIES ASSUMING HUD ENVIRONMENTAL RESPONSIBILITIES24 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 234 - CONDOMINIUM OWNERSHIP MORTGAGE INSURANCE24 CFR 266 - HOUSING FINANCE AGENCY RISK-SHARING PROGRAM FOR INSURED AFFORDABLE MULTIFAMILY PROJECT LOANS