Sec. 8. Authorization to participate in the origination of FHA-insured loans
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Section 203(b) of the National Housing Act (12 U.S.C. 1709(b)) is amended by striking paragraph
(1)and inserting the following new paragraph: Have been made to a mortgagee approved by the Secretary or to a person or entity authorized by the Secretary under section 202(d)(1) to participate in the origination of the mortgage, and be held by a mortgagee approved by the Secretary as responsible and able to service the mortgage properly. . Section 255(d) of the National Housing Act ( 12 U.S.C. 1715z–20(d) ) is amended by striking paragraph
(1)and inserting the following new paragraph: have been originated by a mortgagee approved by, or by a person or entity authorized under section 202(d)(1) to participate in the origination by, the Secretary; .
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- 12 USC 1715z–20(d)
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Sec. 8
Authorization to participate in the origination of FHA-insured loans
Cite12 USC 1715z–20(d)
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