Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1487&num=0&edition=prelim
Timestamp: 2020-01-27 09:52:40
Document Index: 720113604

Matched Legal Cases: ['§ 1487', '§517', '§1003', '§806', '§1', '§413', '§803', '§13', '§505', '§4', '§4', '§501', '§7', '§501', '§5', '§5', '§501', '§6', '§501', '§351', '§3', '§3', '§4', '§511', '§105', '§203', '§3006', '§243', '§501', '§707', '§364', '§3006', '§203', '§514', '§501', '§501', '§501', '§501', '§509', '§413', '§2001']

[USC02] 42 USC 1487: Rural Housing Insurance Fund
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42 USC 1487: Rural Housing Insurance Fund Text contains those laws in effect on January 26, 2020
(3) Each loan made by the Secretary or other lenders under this subchapter that is insured or guaranteed in accordance with this subsection shall, when offered for sale to the public, be accompanied by agreements for the benefit of the borrower under the loan that provide that-
The Secretary may also utilize the Fund-
(July 15, 1949, ch. 338, title V, §517, as added Pub. L. 89–117, title X, §1003(a), Aug. 10, 1965, 79 Stat. 498 ; amended Pub. L. 89–754, title VIII, §806, Nov. 3, 1966, 80 Stat. 1282 ; Pub. L. 91–78, §1, Sept. 30, 1969, 83 Stat. 125 ; Pub. L. 91–152, title IV, §413(a)–(e)(2), (f)(2), Dec. 24, 1969, 83 Stat. 398–400 ; Pub. L. 91–609, title VIII, §803(d), Dec. 31, 1970, 84 Stat. 1807 ; Pub. L. 93–117, §13(c), Oct. 2, 1973, 87 Stat. 423 ; Pub. L. 93–383, title V, §§505(c), 509(b), 514(c), 516(b), 517, 519(b), Aug. 22, 1974, 88 Stat. 694–696 , 698, 699; Pub. L. 95–60, §4(c), June 30, 1977, 91 Stat. 258 ; Pub. L. 95–80, §4(c), July 31, 1977, 91 Stat. 340 ; Pub. L. 95–128, title V, §§501(c), 502(b), (c), 506, 509, Oct. 12, 1977, 91 Stat. 1139–1141 ; Pub. L. 95–406, §7(c), Sept. 30, 1978, 92 Stat. 881 ; Pub. L. 95–557, title V, §§501(f), 506(b), Oct. 31, 1978, 92 Stat. 2111 , 2113; Pub. L. 96–71, §5(c), Sept. 28, 1979, 93 Stat. 502 ; Pub. L. 96–105, §5(c), Nov. 8, 1979, 93 Stat. 795 ; Pub. L. 96–153, title V, §§501(g), 511, Dec. 21, 1979, 93 Stat. 1134 , 1137; Pub. L. 96–372, §6(c), Oct. 3, 1980, 94 Stat. 1364 ; Pub. L. 96–399, title V, §§501(c), 511, Oct. 8, 1980, 94 Stat. 1668 , 1671; Pub. L. 97–35, title III, §351(c), Aug. 13, 1981, 95 Stat. 421 ; Pub. L. 97–289, §3(b), Oct. 6, 1982, 96 Stat. 1231 ; Pub. L. 98–35, §3(b), May 26, 1983, 97 Stat. 198 ; Pub. L. 98–109, §4(b), Oct. 1, 1983, 97 Stat. 746 ; Pub. L. 98–181, title I [title V, §§511(c), 514], Nov. 30, 1983, 97 Stat. 1244 , 1247; Pub. L. 98–479, title I, §105(f), title II, §203(d)(5), (6), Oct. 17, 1984, 98 Stat. 2227 , 2230; Pub. L. 99–272, title III, §3006, Apr. 7, 1986, 100 Stat. 103 ; Pub. L. 100–242, title II, §243, Feb. 5, 1988, 101 Stat. 1890 ; Pub. L. 101–73, title V, §501(e)(2), Aug. 9, 1989, 103 Stat. 394 ; Pub. L. 102–550, title VII, §707(g), Oct. 28, 1992, 106 Stat. 3839 .)
Section 1441a(c) of title 12, referred to in subsec. (n), was repealed by Pub. L. 111–203, title III, §364(b), July 21, 2010, 124 Stat. 1555 .
1992-Subsec. (j)(3). Pub. L. 102–550 inserted "independent audits of project expenses," after "customary in the industry,".
1989-Subsec. (n). Pub. L. 101–73 added subsec. (n).
1988-Subsec. (j)(7). Pub. L. 100–242 added par. (7).
1986-Subsec. (c). Pub. L. 99–272, §3006(a), inserted provision requiring any loan made and sold after Apr. 7, 1986, to be sold to the public and not to Federal Financing Bank unless required to service transactions between Secretary and Bank occurring on or before such date.
1984-Subsec. (h). Pub. L. 98–479, §203(d)(5), substituted "chapter 31 of title 31" for "the Second Liberty Bond Act, as amended" and "such chapter" for "such Act".
1983-Subsec. (a). Pub. L. 98–181, §514(a)(1), substituted provisions relating to amount of loan to low income person or family, for provisions designated as pars. (1) and (2) relating to restrictions on loans with respect to amounts, interest, etc., where the borrowers are persons of low or moderate income, and similar restrictions where the borrowers are other persons.
1982-Subsec. (a)(1). Pub. L. 97–289 substituted "May 20, 1983" for "September 30, 1982".
1981-Subsec. (a)(1). Pub. L. 97–35 substituted "1982" for "1981".
1980-Subsec. (a)(1). Pub. L. 96–399, §501(c), substituted "September 30, 1981" for "October 15, 1980".
1979-Subsec. (a)(1). Pub. L. 96–153, §501(g), substituted "September 30, 1980" for "November 30, 1979".
1978-Subsec. (a)(1). Pub. L. 95–557, §501(f), substituted "September 30, 1979" for "October 31, 1978".
1977-Subsec. (a)(1). Pub. L. 95–128, §501(c), substituted "September 30, 1978" for "September 30, 1977".
1974-Subsec. (a)(1). Pub. L. 93–383, §509(b), substituted "June 30, 1977" for "October 1, 1974".
1973-Subsec. (a)(1). Pub. L. 93–117 substituted "October 1, 1974" for "October 1, 1973".
1970-Subsec. (j)(3). Pub. L. 91–609 authorized use of Fund moneys for expenses necessary to obtain credit reports on applicants or borrowers.
1969-Subsec. (a)(1). Pub. L. 91–152, §413(a), substituted "October 1, 1973" for "January 1, 1970".
1966-Subsec. (a)(1). Pub. L. 89–754 substituted restriction against insurance or making of a loan under this par. after Oct. 1, 1969, except pursuant to a commitment entered into before that date for former clause (C) which provided that such loans shall not exceed in the aggregate of $300,000,000 of new loans made or insured in any one fiscal year.
Pub. L. 99–509, title II, §2001, Oct. 21, 1986, 100 Stat. 1879 , directed Secretary of Agriculture to take such actions as necessary to ensure that loans made under this subchapter are sold to public in amounts sufficient to provide a net reduction in outlays of not less than $1,715,000,000 in fiscal year 1987 from proceeds of such sales, specified procedures and terms of sales, required Secretary to report to specified Congressional committees not later than 20 days before initial sale estimating amount of discount at which loans will be sold at such initial sale and estimating such amount at each subsequent sale during fiscal year 1987 and periodic reports to such committees, the first not later than 60 days after Oct. 21, 1986, and subsequent reports each 60 days thereafter, on Secretary's activities regarding such sales, authorized audits and evaluations of Secretary's activities by Comptroller General and reports on such audits and evaluations to Congressional committees, and excluded applicability of subsec. (d)(2) and (3) of this section to sale of loans.