Sec. 502. Loan guarantees for Indian housing

275 words·~1 min read·/bill/118/hr/6949/ih/section-502

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 184(i) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a(i)) is amended— in paragraph (5)— in subparagraph (C), by striking 2008 through 2012 and inserting 2025 through 2029 ; and by striking paragraph

(7)and inserting the following new paragraph: There are authorized to be appropriated to the Guarantee Fund to carry out this section— $12,200,000 for fiscal year 2025; $12,800,000 for fiscal year 2026; $13,400,000 for fiscal year 2027; $14,000,000 for fiscal year 2028; and $14,700,000 for fiscal year 2029. . Paragraph

(1)of section 184(h) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a(h)(1)) is amended— in subparagraph(A)(i), by inserting , including in a tribal court having jurisdiction, after notice of such action to the Secretary) ; and in subparagraph (B), by inserting before the period at the end the following: , which may include initiating foreclosure proceedings in the tribal court having jurisdiction, but if the tribal court does not hold proceedings on a foreclosure complaint within the period provided under applicable law or within 90 days of service of the foreclosure complaint (whichever is longer), the Secretary may voluntarily dismiss the tribal court action and proceed to file in another court of competent jurisdiction . Clause

(i)of section 184(h)(1)(A) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a(h)(1)), as amended by subsection

(b)of this section, is further amended by adding at the end the following: The Attorney General may contract for and use the services of private attorneys in handling such foreclosure proceedings if the Attorney General determines use of such attorneys will facilitate competent and cost-effective representation. .

Connections2 off-index

2 references not yet in our index

12 USC 1715z–13a(i)
12 USC 1715z–13a(h)(1)

Citation graph

cites case law

Sec. 502

Loan guarantees for Indian housing

Cite12 USC 1715z–13a(i)

Cite12 USC 1715z–13a(h)(1)

Cites 2Cited by 0 across 0 sources