National Housing Act as Amended, and Provisions of Other Laws Pertaining to the Federal Housing AdministrationU.S. Government Printing Office, 1935 - 30 pages |
From inside the book
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Page 12
... cash adjustment hereinafter provided , issue to the mortgagee debentures hav- ing a total face value equal to the value of the mortgage and a certificate of claim , as hereinafter provided . For the purposes of this subsection , the ...
... cash adjustment hereinafter provided , issue to the mortgagee debentures hav- ing a total face value equal to the value of the mortgage and a certificate of claim , as hereinafter provided . For the purposes of this subsection , the ...
Page 14
... cash adjustment and debentures issued as hereinafter provided and bearing the current rate of interest . Such debentures as are issued in exchange for property covered by mort- gages insured after the date of enactment of the National ...
... cash adjustment and debentures issued as hereinafter provided and bearing the current rate of interest . Such debentures as are issued in exchange for property covered by mort- gages insured after the date of enactment of the National ...
Page 19
... cash adjustment provided for in subsection ( j ) , issue to the mortgagee a certifi- cate of claim as provided in subsection ( h ) , and debentures having a total face value equal to the original principal face amount of the mortgage ...
... cash adjustment provided for in subsection ( j ) , issue to the mortgagee a certifi- cate of claim as provided in subsection ( h ) , and debentures having a total face value equal to the original principal face amount of the mortgage ...
Page 20
... cash adjustment paid to the mortgagee plus all interest paid on such debentures , such excess shall be divided as follows : ( 1 ) If such excess is greater than the total amount payable under the certificate of claim is- sued in ...
... cash adjustment paid to the mortgagee plus all interest paid on such debentures , such excess shall be divided as follows : ( 1 ) If such excess is greater than the total amount payable under the certificate of claim is- sued in ...
Page 31
... cash adjustment provided herein , issue to the mortgagee debentures having a total face value equal to the amount of the original principal obligation of the mortgage which was unpaid on the date of the assignment , plus accrued ...
... cash adjustment provided herein , issue to the mortgagee debentures having a total face value equal to the amount of the original principal obligation of the mortgage which was unpaid on the date of the assignment , plus accrued ...
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Common terms and phrases
68 Stat 83d Congress 84th Congress accepted for insurance act approved advance of credit agency aggregate amount amended by adding amended by striking amortization application appraised value approved August April 20 August 11 cash adjustment centum per annum certificate of claim Commissioner is authorized commitment to insure connection construction contract Corporation debentures issued default Defense Housing Insurance determined eligible for insurance exceed excess executed family unit Federal Housing Administration foreclosure Guam hereby amended hereinafter provided Housing Amendments Housing and Home Housing Insurance Fund inserting in lieu insurance as hereinafter insured under section investment involve a principal June 30 lieu thereof loan ment mort Mortgage Insurance Fund mortgaged property mortgagor National Housing Act outstanding paid paragraph numbered payment prescribe principal obligation prior property or project provided further Public Housing Public Law 560 purchase pursuant real property require Secretary section 203 sioner subsection surance tion title IX Treasury
Popular passages
Page 4 - An Act to authorize Federal assistance to States and local governments in major disasters and for other purposes' (Public Law 875, Eightyfirst Congress, approved September 30, 1950), as amended, has determined to be a major disaster.
Page 18 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 17 - ... 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.
Page 23 - The power to convey and to execute in the name of the Administrator deeds of conveyance, deeds of release, assignments and satisfactions of mortgages, and any other written instrument relating to real property or any interest therein...
Page 29 - Such debentures shall be exempt, both as to principal and interest, from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by any Territory, dependency, or possession of the United States or by the District of Columbia, or by any State, county, municipality, or local taxing authority.
Page 43 - Treasury, at the time the mortgage was offered for insurance, but not to exceed 3 per centum per annum, payable semiannually on the 1st day of January and the 1st day of July of each year, and shall mature...
Page 39 - ... first mortgage" means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State, in which the real estate Is located, together with the credit instruments, If any, secured thereby. (b) The term "mortgagee...
Page 30 - Act if the premium therefor or the amount thereof does not exceed $1,000. The power to convey and to execute in the name of the...