United States Government Publishing Office publisher pbl distributor dst United States Congress House of Representatives Office of the Law Revision Counsel author aut Government Organization text government publication eng USCODE Bills and Statutes 2006_uscode_suppl_4 legislative 2011-09-06 Sec. 1739 D09002ee1a33cef62-USCODE-2010-title12-chap13-subchapVI-sec1739.htm D09002ee1a33cef64-USCODE-2010-title12-chap13-subchapVI-sec1739.pdf https://www.govinfo.gov/app/details/USCODE-2010-title12/USCODE-2010-title12-chap13-subchapVI-sec1739 12USC1739 https://www.govinfo.gov/app/details/USCODE-2010-title12/USCODE-2010-title12-chap13-subchapVI-sec1739 https://www.govinfo.gov/content/pkg/USCODE-2010-title12/pdf/USCODE-2010-title12-chap13-subchapVI-sec1739.pdf https://www.govinfo.gov/content/pkg/USCODE-2010-title12/html/USCODE-2010-title12-chap13-subchapVI-sec1739.htm 12 U.S.C. 1739 12 USC 1739 12 U.S.C. 1739 12 USC 1739; BANKS AND BANKING; Mortgage insurance benefits 998 LEAF USCODE-2010-title12-chap13-subchapVI-sec1739 Sec. 1739 section standard June 27, 1934, ch. 847, title VI, §604, as added Mar. 28, 1941, ch. 31, §1, 55 Stat. 58; amended May 26, 1942, ch. 319, §§5-8, 14(b), 56 Stat. 302, 305; Oct. 14, 1943, ch. 258, §2, 57 Stat. 570; May 22, 1946, ch. 268, §10(e), 60 Stat. 213; Mar. 31, 1948, ch. 165, §1(d), 62 Stat. 101; Apr. 20, 1950, ch. 94, title I, §122, 64 Stat. 59; Aug. 11, 1955, ch. 783, title I, §104, 69 Stat. 637; Pub. L. 88-560, title I, §105(d), (f), Sept. 2, 1964, 78 Stat. 772, 774; Pub. L. 89-117, title XI, §1108(p), Aug. 10, 1965, 79 Stat. 506; Pub. L. 90-19, §1(a)(3), (4), (d), May 25, 1967, 81 Stat. 17, 18. referencesInText The General Insurance Fund, referred to in text, was established by section 1735c of this title.Sections 532 and 536 of the Appendix to title 50, referred to in subsec. (a)(2), was in the original a reference to sections 302 and 306, respectively, of the Soldiers’ and Sailors’ Civil Relief Act of 1940, Oct. 17, 1940, ch. 888, 54 Stat. 1178. That Act was amended generally and renamed the “Servicemembers Civil Relief Act” by Pub. L. 108-189, §1, Dec. 19, 2003, 117 Stat. 2835. As so amended, provisions of the Servicemembers Civil Relief Act that are similar to those contained in former sections 532 and 536 of the Appendix to title 50 are now contained in sections 533 and 538 of the Appendix to Title 50.The Housing Amendments of 1955, referred to in subsec. (f)(2), is act Aug. 11, 1955, ch. 783, 69 Stat. 635, as amended. For complete classification of this Act to the Code, see Short Title of 1955 Amendments note set out under section 1701 of this title and Tables. codification In subsec. (g), “section 6101 of title 41” substituted for “section 3709 of the Revised Statutes” on authority of Pub. L. 111-350, §6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts. amendments <b>1967</b>-Pub. L. 90-19, §1(a)(3), substituted “Secretary” for “Commissioner” wherever appearing in subsecs. (a), (a)(2), (b) to (e), (f)(1), (f)(1)(i), (ii), (f)(2), (3), (g), and (h).Pub. L. 90-19, §1(a)(4), substituted “Secretary's” for “Commissioner's” wherever appearing in subsecs. (b) and (f)(3) of this section.Subsec. (g). Pub. L. 90-19, §1(d), substituted “an officer” for “the Commissioner or by any Assistant Commissioner”.<b>1965</b>-Subsecs. (c), (d), (f)(1)(i). Pub. L. 89-117 substituted “General Insurance Fund” for “War Housing Insurance Fund”.<b>1964</b>-Subsec. (a). Pub. L. 88-560, §105(d)(1), (f), inserted “<em>Provided further</em>, That with respect to any debentures issued on or after September 2, 1964, the Commissioner may, with the consent of the mortgagee (in lieu of issuing a certificate of claim as provided in subsection (e)), include in debentures, in addition to amounts otherwise allowed for such costs, an amount not to exceed one-third of the total foreclosure, acquisition, and conveyance costs actually paid by the mortgagee and approved by the Commissioner, but in no event may the total allowance for such costs exceed the amount actually paid by the mortgagee:” and struck out of third sentence “paid after either of such dates” after “mortgage insurance premiums”, respectively.Subsec. (c). Pub. L. 88-560, §105(d)(2), increased limitation on difference between value of mortgage and aggregate face value of debentures issued from $50 to $350.Subsec. (d). Pub. L. 88-560, §105(d)(3), substituted in second sentence “default, except that debentures issued pursuant to claims for insurance filed on or after September 2, 1964, shall be dated as of the date of default or as of such later date as the Commissioner, in his discretion, may establish by regulation. The debentures” for “default, and”.Subsec. (f). Pub. L. 88-560, §105(d)(4)-(8), designated introductory par. as par. (1) and substituted “If, after deducting (in such manner and amount as the Commissioner shall determine to be equitable and in accordance with sound accounting practice) the expenses incurred by the Commissioner, the net amount realized from any property conveyed to the Commissioner under this section and the claims assigned therewith exceed the face value” for “If the net amount realized from any property conveyed to the Commissioner under this section and the claims assigned therewith, after deducting all expenses incurred by the Commissioner in handling, dealing with, and disposing of such property and in collecting such claims, exceeds the face value”; redesignated former par. (1) as (i) and substituted “property: <em>Provided</em>, That on and after September 2, 1964, any excess remaining after payment to the holder of the full amount of the certificate of claim shall be retained by the Commissioner and credited to the War Housing Insurance Fund; and” for “property; and”; redesignated former par. (2) as (ii); designated concluding par. as par. (2) and inserted proviso; and added par. (3), respectively.<b>1955</b>-Subsec. (f). Act Aug. 11, 1955, authorized the Commissioner to effect the settlement of certificates of claim and refunds at any time after the sale or transfer of title to the property.<b>1950</b>-Act Apr. 20, 1950, substituted “Commissioner” for “Administrator” wherever appearing.<b>1948</b>-Subsec. (b). Act Mar. 31, 1948, substituted “value” for “necessary current cost”.<b>1946</b>-Subsec. (b). Act May 22, 1946, substituted “Administrator's estimate of the necessary current cost” after “10 per centum of the” for “appraised value of such property as determined by the Administrator”.<b>1943</b>-Subsec. (a). Act Oct. 14, 1943, inserted proviso dealing with losses due to nonforeclosure of mortgages to last sentence.<b>1942</b>-Act May 26, 1942, §14(b), substituted “War” and “war” for “Defense” and “defense” wherever occurring.Subsec. (a). Act May 26, 1942, §5, substituted “section 1738 of this title” for “this subchapter”.Subsec. (c). Act May 26, 1942, §6, substituted “subchapter” for “section”.Subsec. (d). Act May 26, 1942, §7, amended subsec. (d).Subsec. (g). Act May 26, 1942, §8, substituted “subchapter” for “section” and inserted “with respect to mortgages insured under section 1738 of this title”. false false false Volume 54 Page 1178 54 Stat. 1178 Volume 55 Page 58 55 Stat. 58 Volume 56 Page 302 56 Stat. 302 Volume 57 Page 570 57 Stat. 570 Volume 60 Page 213 60 Stat. 213 Volume 62 Page 101 62 Stat. 101 Volume 64 Page 59 64 Stat. 59 Volume 69 Page 637 69 Stat. 637 Volume 69 Page 635 69 Stat. 635 Volume 78 Page 772 78 Stat. 772 Volume 79 Page 506 79 Stat. 506 Volume 81 Page 17 81 Stat. 17 Volume 117 Page 2835 117 Stat. 2835 Volume 124 Page 3854 124 Stat. 3854 Public Law 88-560 Public Law No 88-560 Public Law 88-560 Public Law No 88-560 Public Law 89-117 Public Law No 89-117 Public Law 89-117 Public Law No 89-117 Public Law 90-19 Public Law No 90-19 Public Law 90-19 Public Law No 90-19 Public Law 108-189 Public Law No 108-189 Public Law 111-350 Public Law No 111-350 U.S. Government Publishing Office 2010-12-31 monographic 2010 annual deposited born digital 2002 digital object pages Y 1.2/5: https://www.govinfo.gov/app/details/USCODE-2010-title12 P0b002ee180df7234 000645501 12USC DGPO 2011-09-06 2019-10-17 USCODE-2010-title12 machine generated eng fdlp USCODE USCODE-2010-title12 12 true 4 2006 false false 2011-01-07 false false USCODE-title12 Title 12 https://www.govinfo.gov/app/details/USCODE-2010-title12 https://www.govinfo.gov/content/pkg/USCODE-2010-title12/pdf/USCODE-2010-title12.pdf U.S.C. Title 12, 2010