§ 5116. Study and reports on defaults and foreclosures

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. 2008

   Secure and Fair Enforcement for Mortgage Licensing Act of 2008

   Pub. L. 110–289 div. A title V § 1517 · 122 Stat. 2654

   Enacted · 12 U.S.C. § 5116

   Pub. L. 110–289, div. A, title V, § 1517, July 30, 2008, 122 Stat. 2824

   Source evidence

   Code source credit
   Pub. L. 110–289, div. A, title V, § 1517, July 30, 2008, 122 Stat. 2824

   Enacted provision · exact public law section
   SEC. 1517. STUDY AND REPORTS ON DEFAULTS AND FORECLOSURES. (a) Study Required.— The Secretary shall conduct an extensive study of the root causes of default and foreclosure of home loans, using as much empirical data as is available. (b) Preliminary Report to Congress.— Not later than 6 months after the date of enactment of this title, the Secretary shall submit to Congress a preliminary report regarding the study required by this section. (c) Final Report to Congress.— Not later than 12 months after the date of enactment of this title, the Secretary shall submit to Congress a final report regarding the results of the study required by this section, which shall include any recommended legislation relating to the study, and recommendations for best practices and for a process to provide targeted assistance to populations with the highest risk of potential default or foreclosure.

2. 2010

   Consumer Financial Protection Act of 2010

   Pub. L. 111–203 title X § 1100(3) · 124 Stat. 1376

   Substituted · 12 U.S.C. § 5116

   Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing

   Source evidence

   Code amendment note
   Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing.

   Enacted provision · exact public law section
   (3) by 12 USC 5102 et seq. striking “Secretary” each place that term appears and inserting “Director”;

   Effective date note
   Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

2 of 2 references resolved to an enrolled provision