Sec. 901. Extension of loan term

120 words·~1 min read·/bill/118/s/2790/is/section-901

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Section 502(a)(2) of the Housing Act of 1949 ( 42 U.S.C. 1472(a)(2) ) is amended— by inserting

(A)before The Secretary ; in subparagraph (A), as so designated, by striking paragraph and inserting subparagraph ; and by adding at the end the following: The Secretary may extend the period of any loan made under this section in accordance with terms and conditions as the Secretary shall prescribe, but in no event shall the total term of the loan exceed 40 years. . The amendment made under subsection

(a)shall apply with respect to loans made under section 502 of the Housing Act of 1949 ( 42 U.S.C. 1472 ) before, on, or after the date of enactment of this Act.

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U.S. Code

Loans for housing and buildings on adequate farms
§ 1472

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Sec. 901

Extension of loan term

U.S.C.§ 1472

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