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Code · BILL · 114th Congress · S. 3083 (Introduced in Senate) — To provide housing opportunities in the United States through modernization of various housing programs, and for othe... · Sec. 201

Sec. 201. Delegation of guaranteed rural housing loan approval

61 words·~1 min read·/bill/114/s/3083/is/section-201

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Section 502(h) of the Housing Act of 1949 ( 42 U.S.C. 1472(h) ) is amended by adding at the end the following: The Secretary may delegate, in part or in full, the Secretary’s authority to approve and execute binding Rural Housing Service loan guarantees pursuant to this subsection to certain preferred lenders, in accordance with standards established by the Secretary. .
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Sec. 201
Delegation of guaranteed rural housing loan approval
U.S.C.§ 1472
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