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Title 12 — Banks and Banking

Chapter 28 — Emergency Mortgage Relief

§ 2708. Expiration date

Statutory text

No loans or advance of credit shall be insured and no emergency mortgage relief payments made under this chapter after , except if such loan or advance or such payments are made with respect to a mortgagor receiving the benefit of a loan or advance insured, or emergency mortgage relief payments made, under this chapter on such date.

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.

  1. Pub. L. 94–50 title I § 109 · 89 Stat. 249

    Enacted · 12 U.S.C. § 2708

    Pub. L. 94–50, title I, § 109, July 2, 1975, 89 Stat. 253

    Source evidence

    Code source credit
    Pub. L. 94–50, title I, § 109, July 2, 1975, 89 Stat. 253

    Enacted provision · exact public law section
    Sec. 109. authorization and expiration date (a) There are authorized to be appropriated for purposes 12 USC 2708. of this title such sums as may be necessary, except that the funds authorized to be appropriated for section 106 shall not exceed $500,000,000. Any amounts so appropriated shall remain available until expended. (b) No loans or advance of credit shall be insured and no emergency mortgage relief payments made under this title after June 30, 1976, except if such loan or advance or such payments are made with respect to a mortgagor receiving the benefit of a loan or advance insured, or emergency mortgage relief payments made, under this title on such date.

  2. Pub. L. 94–375 § 13(a) · 90 Stat. 1067

    Substituted · 12 U.S.C. § 2708(b)

    Pub. L. 94–375 substituted “September 30, 1977” for “June 30, 1976”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 94–375 substituted “September 30, 1977” for “June 30, 1976”.

    Enacted provision · exact public law section
    (a) Section 109(b) of the Emergency Homeowners’ Relief Act is amended by striking out “June 30, 1976” and inserting in lieu 12 USC 2708. thereof “September 30, 1977”.

  3. Mortgage Reform and Anti-Predatory Lending Act

    Pub. L. 111–203 title XIV § 1496(b)(6) · 124 Stat. 1376

    1. Struck · 12 U.S.C. § 2708

      Pub. L. 111–203 struck out “Authorization and” before “expiration date” in section catchline

    2. Struck · 12 U.S.C. § 2708

      Pub. L. 111–203 struck out subsec. (a)

    3. Struck · 12 U.S.C. § 2708

      Pub. L. 111–203 struck out subsec. (b) designation before “No loans”

    4. Substituted · 12 U.S.C. § 2708

      Pub. L. 111–203 substituted “2011” for “1977”. Prior to amendment, subsec. (a) read as follows: “There are authorized to be appropriated for purposes of this chapter such sums as may be necessary, except that the funds authorized to be appropriated for section 2705 of this title shall not exceed $500,000,000. Any amounts so appropriated shall remain available until expended.”

    Source evidence

    Code amendment note
    Pub. L. 111–203 struck out “Authorization and” before “expiration date” in section catchline, struck out subsec. (a), struck out subsec. (b) designation before “No loans”, and substituted “2011” for “1977”. Prior to amendment, subsec. (a) read as follows: “There are authorized to be appropriated for purposes of this chapter such sums as may be necessary, except that the funds authorized to be appropriated for section 2705 of this title shall not exceed $500,000,000. Any amounts so appropriated shall remain available until expended.”

    Enacted provision · exact public law section
    (6) in section 109 (12 U.S.C. 2708)— (A) in the section heading, by striking “authorization and”; (B) by striking subsection (a); (C) by striking “(b)”; and (D) by striking “1977” and inserting “2011”;

    Effective date note
    Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.

6 of 6 references resolved to an enrolled provision

Editorial Notes

Amendments1976–2010 · 2 rounds

2010

Pub. L. 111–203 struck out “Authorization and” before “expiration date” in section catchline, struck out subsec. (a), struck out subsec. (b) designation before “No loans”, and substituted “2011” for “1977”. Prior to amendment, subsec. (a) read as follows: “There are authorized to be appropriated for purposes of this chapter such sums as may be necessary, except that the funds authorized to be appropriated for section 2705 of this title shall not exceed $500,000,000. Any amounts so appropriated shall remain available until expended.”

1976

Subsec. (b). Pub. L. 94–375 substituted “” for “”.

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the date on which final regulations implementing that amendment take effect, or on the date that is 18 months after the designated transfer date if such regulations have not been issued by that date, see section 1400(c) of Pub. L. 111–203, set out as a note under section 1601 of Title 15, Commerce and Trade.

Credits

1975–2010 · 3 acts
  1. 1975Pub. L. 94–50, title I, § 109, , 89 Stat. 253
  2. 1976Pub. L. 94–375, § 13(a), , 90 Stat. 1075
  3. 2010Pub. L. 111–203, title XIV, § 1496(b)(6), , 124 Stat. 2209.
Show as published

(Pub. L. 94–50, title I, § 109, , 89 Stat. 253; Pub. L. 94–375, § 13(a), , 90 Stat. 1075; Pub. L. 111–203, title XIV, § 1496(b)(6), , 124 Stat. 2209.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s2708