Source: https://www.law.cornell.edu/uscode/text/12/1731b
Timestamp: 2017-05-28 20:30:47
Document Index: 49588640

Matched Legal Cases: ['§ 1731', '§ 1731', '§ 1731', '§\u202f1731', '§\u202f513', '§\u202f132', '§\u202f1', '§\u202f204']

12 U.S. Code § 1731b - Prohibition against transient housing | US Law | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 13 › Subchapter V › § 1731b 12 U.S. Code § 1731b - Prohibition against transient housing
§ 1731b.
Prohibition against transient housing
As used in this section, (1) the term “rental for transient or hotel purposes” shall have such meaning as prescribed by the Secretary but rental for any period less than thirty days shall in any event constitute rental for such purposes, and (2) the term “multifamily housing” shall mean (i) a property held by a mortgagor upon which there are located five or more single family dwellings, or upon which there is located a two-, three-, or four-family dwelling, or (ii) a property or project covered by mortgage insured or to be insured under section 1713 of this title, under section 1715e of this title with respect to any property or project of a corporation or trust of the character described in paragraph (1) of subsection (a) thereof, under section 1715k of this title if the mortgage is within the provisions of paragraph (3) (B) of subsection (d) thereof, under section 1715l of this title if the mortgage is within the provisions of paragraph (3) of subsection (d) thereof, under section 1743, 1748b, or 1750g of this title, or (iii) a project with respect to which an insurance contract pursuant to subchapter VII is outstanding.
(June 27, 1934, ch. 847, title V, § 513, as added Aug. 2, 1954, ch. 649, title I, § 132, 68 Stat. 610; amended Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 98–479, title II, § 204(a)(18), Oct. 17, 1984, 98 Stat. 2232.)
1984—Pub. L. 98–479 substituted “Prohibition against transient housing” for “Prohibition against use of insured multifamily housing for transient or hotel purposes” in section catchline.
1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing in subsecs. (b) to (d), (e)(1), (f), and (g).