Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4901&num=0&edition=prelim
Timestamp: 2018-12-09 21:18:46
Document Index: 15813543

Matched Legal Cases: ['§ 4901', '§2', '§402', '§1701', '§1471', '§402', '§13', '§401', '§1']

[USC07] 12 USC 4901: Definitions
<< Previous TITLE 12 / CHAPTER 49 / § 4901 Next >>
12 USC 4901: Definitions Text contains those laws in effect on December 8, 2018
The term "cancellation date" means-
(A) with respect to a fixed rate mortgage, at the option of the mortgagor, the date on which the principal balance of the mortgage-
(B) with respect to an adjustable rate mortgage, at the option of the mortgagor, the date on which the principal balance of the mortgage-
The term "good payment history" means, with respect to a mortgagor, that the mortgagor has not-
The term "initial amortization schedule" means a schedule established at the time at which a residential mortgage transaction is consummated with respect to a fixed rate mortgage, showing-
The term "amortization schedule then in effect" means, with respect to an adjustable rate mortgage, a schedule established at the time at which the residential mortgage transaction is consummated or, if such schedule has been changed or recalculated, is the most recent schedule under the terms of the note or mortgage, which shows-
The term "termination date" means-
( Pub. L. 105–216, §2, July 29, 1998, 112 Stat. 897 ; Pub. L. 106–569, title IV, §§402(a)(1), (b), 405(a), 406(b)–(d), Dec. 27, 2000, 114 Stat. 2956 , 2958, 2959.)
This chapter, referred to in text, was in the original "this Act", meaning Pub. L. 105–216, July 29, 1998, 112 Stat. 897 , known as the Homeowners Protection Act of 1998. For complete classification of this Act to the Code, see Short Title note below and Tables.
The National Housing Act, referred to in par. (13), is act June 27, 1934, ch. 847, 48 Stat. 1246 , as amended, which is classified principally to chapter 13 (§1701 et seq.) of this title. For complete classification of this Act to the Code, see section 1701 of this title and Tables.
The Housing Act of 1949, referred to in par. (13), is act July 15, 1949, ch. 338, 63 Stat. 413 , as amended. Title V of the Act is classified generally to subchapter III (§1471 et seq.) of chapter 8A of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 1441 of Title 42 and Tables.
2000-Par. (1). Pub. L. 106–569, §402(b), inserted at end "A residential mortgage that: (A) does not fully amortize over the term of the obligation; and (B) contains a conditional right to refinance or modify the unamortized principal at the maturity date of the term, shall be considered to be an adjustable rate mortgage for purposes of this chapter."
Pub. L. 105–216, §13, July 29, 1998, 112 Stat. 908 , provided that: "This Act [enacting this chapter and amending section 1088 of Title 20, Education], other than section 14 [enacting provisions set out as notes under sections 1441a and 1831q of this title and amending provisions set out as a note under section 1831q of this title], shall become effective 1 year after the date of enactment of this Act [July 29, 1998]."
Pub. L. 106–569, title IV, §401, Dec. 27, 2000, 114 Stat. 2956 , provided that: "This title [amending this section and sections 4902, 4903, and 4905 of this title] may be cited as the 'Private Mortgage Insurance Technical Corrections and Clarification Act'."
Pub. L. 105–216, §1(a), July 29, 1998, 112 Stat. 897 , provided that: "This Act [enacting this chapter, amending section 1088 of Title 20, Education, enacting provisions set out as notes under sections 1441a and 1831q of this title, and amending provisions set out as a note under section 1831q of this title] may be cited as the 'Homeowners Protection Act of 1998'."