Sec. 526. Financial, underwriting, and operations systems
204 words·~1 min read·
/bill/115/hr/6746/ih/section-526·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The FHA shall develop, maintain, lease, or acquire such financial, underwriting, and operations systems as may be necessary to carry out the responsibilities of the FHA. Such systems shall be designed and developed in a manner so that such systems shall also be used for the financial, underwriting, and operations systems, respectively, of the programs under title V of the Housing Act of 1949 for making, guaranteeing, and insuring rural housing loan programs. All financial, underwriting, and operations systems of the FHA shall be available for use by the FHA to the extent necessary to ensure compliance with section 501(m) of the Housing Act of 1949 ( 42 U.S.C. 1471(l) ).
Section 501 of the Housing Act of 1949 ( 42 U.S.C. 1471 ), as amended by the preceding provisions of this title, is further amended by adding at the end the following new subsection: The Administrator and Deputy Administrator of the FHA, the Chief Risk Officer of the FHA, and the Chief Technology Officer of the FHA shall utilize the financial, underwriting, and operations systems of the FHA in carrying out all financial, underwriting, and operations functions with respect to the programs under this title for making, insuring, or guaranteeing housing loans. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 526
Financial, underwriting, and operations systems
Cites 1Cited by 0 across 0 sources