Title 12 — Banks and Banking
Chapter 13 — National Housing
§ 1735e. Acceptance of materials or products used in structures
Statutory text
The Secretary shall adopt a uniform procedure for the acceptance of materials and products to be used in structures approved for mortgages or loans insured under this chapter. Under such procedure any material or product which the Secretary finds is technically suitable for the use proposed shall be accepted. Acceptance of a material or product as technically suitable shall not be deemed to restrict the discretion of the Secretary to determine that a structure, with respect to which a mortgage is executed, is economically sound or an acceptable risk.
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.
Housing and Urban Development Act of 1965
Pub. L. 89–117 title II § 216 · 79 Stat. 451
Enacted · 12 U.S.C. § 1735e
June 27, 1934, ch. 847, title V, § 521, as added Pub. L. 89–117, title II, § 216, Aug. 10, 1965, 79 Stat. 473
Source evidence
Code source credit
June 27, 1934, ch. 847, title V, § 521, as added Pub. L. 89–117, title II, § 216, Aug. 10, 1965, 79 Stat. 473Enacted provision · exact public law section
Sec. 216. approval of technically suitable materials Title V of the National Housing Act is amended by inserting after section 520 (added by section 215 of this Act) a new section as follows: “Sec. 521. “approval of technically suitable materials The Commissioner shall adopt a uniform procedure for the acceptance of materials and products to be used in structures approved for mortgages or loans insured under this Act. Under such procedure any material or product which the Commissioner finds is technically suitable for the use proposed shall be accepted. Acceptance of a material or product as technically suitable shall not be deemed to restrict the discretion of the Commissioner to determine that a structure, with respect to which a mortgage is executed, is economically sound or an acceptable risk.”Pub. L. 90–19 § 1(a)(3) · 81 Stat. 17
Substituted · 12 U.S.C. § 1735e
Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing
Source evidence
Code amendment note
Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing.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”;
2 of 2 references resolved to an enrolled provision
Editorial Notes
Amendments
1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing.
Credits
1934–1967 · 2 acts
- 1934June 27, 1934, ch. 847, title V, § 521, as added Pub. L. 89–117, title II, § 216, , 79 Stat. 473
- 1967amended Pub. L. 90–19, § 1(a)(3), , 81 Stat. 17.
Show as published
(June 27, 1934, ch. 847, title V, § 521, as added Pub. L. 89–117, title II, § 216, , 79 Stat. 473; amended Pub. L. 90–19, § 1(a)(3), , 81 Stat. 17.)