§ 1734. Amendment, extension, or increase of commitment amounts

Statutory text

At any time prior to final endorsement for insurance, the Secretary, in his discretion, may amend, extend, or increase the amount of any commitment, provided the mortgage, as finally endorsed for insurance is eligible for insurance under the provisions of this chapter and the rules and regulations thereunder, in effect at the time the original commitment to insure was issued.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1934
June 27, 1934, ch. 847, title V, § 515 as added Oct. 25, 1949, ch. 729, § 3, 63 Stat. 906 · 63 Stat. 906
Enacted · 12 U.S.C. § 1734
June 27, 1934, ch. 847, title V, § 515 as added Oct. 25, 1949, ch. 729, § 3, 63 Stat. 906
Source evidence
Code source credit
June 27, 1934, ch. 847, title V, § 515 as added Oct. 25, 1949, ch. 729, § 3, 63 Stat. 906
1967
Pub. L. 90–19 § 1(a)(3) · 81 Stat. 17
Substituted · 12 U.S.C. § 1734
Pub. L. 90–19 substituted “Secretary” for “Commissioner”
Source evidence
Code amendment note
Pub. L. 90–19 substituted “Secretary” for “Commissioner”.
Enacted provision · exact public law section
(1) by striking out “Federal Housing Administration” each place it appears and inserting in lieu thereof “Department of Housing and Urban Development”;
1984
Housing and Community Development Technical Amendments Act of 1984
Pub. L. 98–479 title II § 204(a)(20) · 98 Stat. 2218
Struck · 12 U.S.C. § 1734
Pub. L. 98–479 struck out “; mortgage conditions” after “amounts” in section catchline
Source evidence
Code amendment note
Pub. L. 98–479 struck out “; mortgage conditions” after “amounts” in section catchline.
Enacted provision · exact public law section
(20) The National Housing Act is amended by inserting the following 12 USC 1734. section heading for section 515: “amendment, extension, or increase of commitment amounts”.

2 of 3 references resolved to an enrolled provision · 1 partial

Editorial Notes

Amendments1967–1984 · 2 rounds

1984

Pub. L. 98–479 struck out “; mortgage conditions” after “amounts” in section catchline.

1967

Pub. L. 90–19 substituted “Secretary” for “Commissioner”.

Credits

1934–1984 · 3 acts

1934June 27, 1934, ch. 847, title V, § 515 as added Oct. 25, 1949, ch. 729, § 3, 63 Stat. 906
1967amended Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17
1984Pub. L. 98–479, title II, § 204(a)(20), Oct. 17, 1984, 98 Stat. 2232.

Show as published

(June 27, 1934, ch. 847, title V, § 515 as added Oct. 25, 1949, ch. 729, § 3, 63 Stat. 906; amended Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 98–479, title II, § 204(a)(20), Oct. 17, 1984, 98 Stat. 2232.)