Sec. 5. Reporting requirement
243 words·~1 min read·
/bill/118/hr/5648/ih/section-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 120 days after the end of the first fiscal year ending after the date of the enactment of this Act (and alternating fiscal years thereafter), the Secretary of Housing and Urban Development (in this section referred to as the Secretary ) shall submit to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs a report in accordance with subsection (b). The report required pursuant to subsection
(a)shall include information on the operation of the mortgage insurance programs described in section 232 of the National Housing Act ( 12 U.S.C. 1715w ) and section 242 of the National Housing Act ( 12 U.S.C. 1715z–7 ) for the 180-day period preceding the submission of such report, including the following information with respect to each such program: The number of applications submitted to the program. The volume and value of loans issued under the program. The number and causes of defaults under the program. The number of claims filed with respect to the program. The total premiums collected each year. The financial status of the program, including the credit subsidy level of the program during the period covered by the report, as determined by the Congressional Budget Office. Not later than 30 days after the date on which a report is submitted pursuant to subsection (a), the Secretary shall make such report publicly available on the website of the Department of Housing and Urban Development.
Connectionstraces to 1
Traces to 1 document
1 reference not yet in our index
- 12 USC 1715z–7
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources