Title 12 — Banks and Banking
Chapter 13 — National Housing
§ 1747e. Financial statements by Secretary
Statutory text
With respect to each project insured under this subchapter, the Secretary shall provide that, after the close of each operating year, the investor shall submit to him for approval a financial and operating statement covering such operating year. If any such financial and operating statement shall not have been submitted or, for proper cause, shall not have been approved by the Secretary, payment of any claim submitted by the investor may, at the option of the Secretary, be withheld, in whole or in part, until such statement shall have been submitted and approved.
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.
June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278 · 62 Stat. 1278
Enacted · 12 U.S.C. § 1747e
June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278
Source evidence
Code source credit
June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278Pub. L. 90–19 § 1(a)(3) · 81 Stat. 17
Substituted · 12 U.S.C. § 1747e
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”;
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments1950–1967 · 2 rounds
1967
Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing.
1950
Act , substituted “Commissioner” for “Administrator” wherever appearing.
Credits
1934–1967 · 3 acts
- 1934June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278
- 1950amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59
- 1967Pub. L. 90–19, § 1(a)(3), , 81 Stat. 17.
Show as published
(June 27, 1934, ch. 847, title VII, § 706, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1278; amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), , 81 Stat. 17.)