Sec. 284. Transfer of HUD authority
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/bill/113/hr/2767/ih/section-284·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in subsections
(c)and (d), effective upon the expiration of the transition period, the functions of, authority provided to, and the responsibilities of the Secretary of Housing and Urban Development and the Department of Housing and Urban Development under the following provisions of law are transferred to the FHA: Titles II and V of the National Housing Act ( 12 U.S.C. 1707 et seq. , 1735a et seq.). Section 3 of Public Law 99–289 ( 12 U.S.C. 1721 note; relating to estimates of use of insuring authority), except that this paragraph shall not terminate or transfer any authority of the Secretary under such section relating to section 306(g) of the National Housing Act ( 12 U.S.C. 1721(g) ). Section 801 of the Housing Act of 1954 ( 12 U.S.C. 1701j–1 ; relating to builders warranties). Section 424 of the Housing and Community Development Act of 1987 (12 U.S.C. 1715z–1c; relating to residential water treatment). Section 328 of the Cranston-Gonzalez National Affordable Housing Act ( 12 U.S.C. 1713 note; relating to delegation of processing). Section 106 of the Energy Policy Act of 1992 ( 12 U.S.C. 1701z–16 ; relating to energy efficient mortgages pilot program). Section 542 of the Housing and Community Development Act of 1992 ( 12 U.S.C. 1715z–22 ; relating to multifamily mortgage credit programs). Section 103(h) of the Multifamily Housing Property Disposition Reform Act of 1994 (12 U.S.C. 1715z–1a note; relating to alternative uses of multifamily projects to prevent default). Effective upon the date of the enactment of this Act, section 204(a)(1)(B) of the National Housing Act ( 12 U.S.C. 1710(a) ) is amended by striking the last sentence. The repeals under subsections
(a)and
(b)shall not affect any legally binding obligations entered into pursuant to the provisions repealed before the applicable effective date under such subsections. Any mortgage insurance, funds, or activities subject, before repeal, to a provision of law repealed by such subsections shall continue to be governed by the provision as it existed immediately before repeal, except that the FHA may exercise any authority under such provision otherwise transferred to the FHA by this title. After the expiration of the transition period, any reference in Federal law to the Secretary of Housing and Urban Development, in connection with any function of the Secretary transferred under subsection
(a)or any other provision of this subtitle, shall be deemed to be a reference to the FHA.
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6 references not yet in our index
- Pub. L. 99-289
- 12 USC 1701j–1
- 12 USC 1715z–1c
- 12 USC 1701z–16
- 12 USC 1715z–22
- 12 USC 1715z–1a
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cites case law
Sec. 284
Transfer of HUD authority
Pub. L.Pub. L. 99-289
Cite12 USC 1701j–1
Cite12 USC 1715z–1c
Cite12 USC 1701z–16
Cite12 USC 1715z–22
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