Sec. 203. Effective date
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Section 202 shall not apply with respect to an enterprise (as such term is defined in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4502 )) after the date that all of the following have occurred: The conservatorship for such enterprise under section 1367 of such Act ( 12 U.S.C. 4617 ) has been terminated. The Director of the Federal Housing Finance Agency has certified in writing that such enterprise has repaid to the Federal Government the maximum amount consistent with minimizing total cost to the Federal Government of the financial assistance provided to the enterprise by the Federal Government pursuant to the amendments made by section 1117 of the Housing and Economic Recovery Act of 2008 ( Public Law 110–289 ; 122 Stat. 2683) or otherwise.
The charter for the enterprise has been revoked, annulled, or terminated and the authorizing statute (as such term is defined in such section 1303) with respect to the enterprise has been repealed.
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- Pub. L. 110-289
- 122 Stat. 2683
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