Volume 76
Public Law 87–623
To extend for one year the authority to insure mortgages under sections 809 and 810 of the National Housing Act.
Approved August 31, 1962
Statutory text
AN ACT
To extend for one year the authority to insure mortgages under sections 809 and 810 of the National Housing Act.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the last proviso in section 803(a) of the National Housing Act is amended—
by striking out “under this title” and inserting in lieu thereof “under this section”; and
by striking out “under section 803 of this title” and inserting in lieu thereof “under this section”.
Sec. 2.
Section 809(f) of the National Housing Act is amended by striking out “and the expiration date of the Commissioner’s authority to insure”, and by adding at the end thereof the following new sentence: “No more mortgages shall be insured under this section after October 1, 1963, except pursuant to a commitment to insure before such date.”
Sec. 3.
Section 810(k) of the National Housing Act is amended by striking out “and the expiration date of the Commissioner’s authority to insure”, and by adding at the end thereof the following new sentence: “No more mortgages shall be insured under this section after October 1, 1963, except pursuant to a commitment to insure before such date.”
Approved August 31, 1962.