Amending National Housing Act, Hearing Before a Subcommittee of ..., 77-1 on H.R. 4693 ..., June 2, 1941 |
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ABNER H Act is amended ALBEN W amended by inserting amount appraisal approval assignment authorized average BALDWIN Bankhead-Jones Farm Tenant basis bill borrower cash Congress county committee course defaulted payments Deputy Federal Loan determined exceed Farm Credit Administration Farm Tenant Act Federal Housing Administration Federal land bank FEDERAL LOAN ADMINISTRATOR FERGUSON figure finance foreclosed foreclosure gage going Government hereby amended income increase inserting in lieu insured mortgage July lien lieu thereof limit March 31 maturity date McDONALD mittee mort mortgage insurance fund National Housing Act Negroes operation outstanding owner paid percent premium prescribe principal obligation purchase pursuant real estate reason repairs and improvements section 13 sell Senator BANKHEAD chairman Senator BROWN Senator DANAHER Senator LEE Senator RADCLIFFE Senator TAFT SHERIDAN DOWNEY small homes subcommittee tenant farmers thing tion title IA Treasury variable payments
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Сторінка 2 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such obligations.
Сторінка 2 - ... determined by the Commissioner with the approval of the Secretary of the Treasury, at the time the mortgage was accepted for insurance, but not to exceed 3 per centum per annum...
Сторінка 1 - ... and by deducting from such total amount any amount received on account of the mortgage after either of such dates, and any amount received as rent or other income from the property, less reasonable expenses incurred in handling the property, after either of such dates: Provided, That with respect to mortgages which are...
Сторінка 2 - ... transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under that Act, as amended, are extended to include any purchases of such notes and obligations.
Сторінка 1 - For the purposes of this subsection, the value of the mortgage shall be determined...
Сторінка 1 - ... (e) Any contract of insurance executed by the Secretary under this section shall be conclusive evidence of the eligibility of the mortgage for insurance, and the validity of any contract of insurance so executed shall be incontestable in the hands of an approved mortgagee from the date of the execution of such contract, except for fraud or misrepresentation on the part of such approved mortgagee.