§ 1707. Definitions
1,082 words·~5 min read·
/usc/title-12/section-1707A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in section 1709 of this title—
(a)The term “mortgage” means
(A)a first mortgage on real estate, in fee simple,
(B)a first mortgage on a leasehold on real estate
(i)under a lease for not less than ninety-nine years which is renewable, or
(ii)under a lease having a period of not less than ten years to run beyond the maturity date of the mortgage, or
(C)a first mortgage given to secure the unpaid purchase price of a fee interest in, or long-term leasehold interest in, real estate consisting of a one-family unit in a multifamily project, including a project in which the dwelling units are attached, or are manufactured housing units, semi-detached, or detached, and an undivided interest in the common areas and facilities which serve the project; and the term “first mortgage” means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State, in which the real estate is located, together with the credit instruments, if any, secured thereby.
(b)The term “mortgagee” includes the original lender under a mortgage, and his successors and assigns approved by the Secretary; and the term “mortgagor” includes the original borrower under a mortgage and his successors and assigns.
(c)The term “maturity date” means the date on which the mortgage indebtedness would be extinguished if paid in accordance with periodic payments provided for in the mortgage.
(d)The term “State” includes the several States, and Puerto Rico, the District of Columbia, Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, and the Virgin Islands.
(e)The term “family member” means, with respect to a mortgagor under such section, a child, parent, or grandparent of the mortgagor (or the mortgagor’s spouse). In determining whether any of the relationships referred to in the preceding sentence exist, a legally adopted son or daughter of an individual (and a child who is a member of an individual’s household, if placed with such individual by an authorized placement agency for legal adoption by such individual), and a foster child of an individual, shall be treated as a child of such individual by blood.
(f)The term “child” means, with respect to a mortgagor under such section, a son, stepson, daughter, or stepdaughter of such mortgagor.
(g)The term “real estate” means land and all natural resources and structures permanently affixed to the land, including residential buildings and stationary manufactured housing. The Secretary may not require, for treatment of any land or other property as real estate for purposes of this subchapter, that such land or property be treated as real estate for purposes of State taxation.
(June 27, 1934, ch. 847, title II, § 201, 48 Stat. 1247; Feb. 3, 1938, ch. 13, § 3, 52 Stat. 9; Mar. 28, 1941, ch. 31, § 4(a), 55 Stat. 61; Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; July 14, 1952, ch. 723, § 10(a)(2), 66 Stat. 603; Pub. L. 86–70, § 10(a), June 25, 1959, 73 Stat. 142; Pub. L. 86–624, § 6, July 12, 1960, 74 Stat. 411; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17; Pub. L. 91–152, title IV, § 403(c)(1), Dec. 24, 1969, 83 Stat. 395; Pub. L. 96–399, title III, § 306, Oct. 8, 1980, 94 Stat. 1640;
Pub. L. 98–181, title I [title IV, § 407(b)], Nov. 30, 1983, 97 Stat. 1211; Pub. L. 104–204, title IV, § 425(b), Sept. 26, 1996, 110 Stat. 2928; Pub. L. 110–289, div. B, title I, §§ 2117(b), (c), 2120(c), July 30, 2008, 122 Stat. 2833, 2835.)
Connections359 cite this · traces to 3
Cited by 359 sections · top 60
public-private-law
U.S. Code
- § 1437fLow-income housing assistance
- § 3535Administrative provisions
- § 1701qSupportive housing for the elderly
- § 3545HUD accountability
- § 1709Insurance of mortgages
- § 1701Short title
- § 1472Loans for housing and buildings on adequate farms
- § 1701sRent supplement payments for qualified lower income families
- § 1701xAssistance with respect to housing for low- and moderate-income families
- § 5403Construction and safety standards
- § 2803Maintenance of records and public disclosure
- § 1715lHousing for moderate income and displaced families
- § 1715kRehabilitation and neighborhood conservation housing insurance
- § 1715yMortgage insurance for condominiums
- § 1715z–13aLoan guarantees for Indian housing
- § 5318Urban development action grants
- § 1479General powers of Secretary
- § 1430bAdvances to nonmember mortgagee; terms and conditions
- § 9056Foreclosure moratorium and consumer right to request forbearance
- § 12773Housing education and organizational support
- § 1715z–13bLoan guarantees for Native Hawaiian housing
- § 1701z–11Management and disposition of multifamily housing projects
- § 1706cInsurance of mortgages
- § 1715z–1aAssistance for troubled multifamily housing projects
- § 1750Definitions
- § 2703Manner of assistance and repayment
- § 12852Assistance for first-time homebuyers
- § 12874Homeownership program requirements
- § 1437aaa–3Homeownership program requirements
- § 1701j–1Builder’s certification as to construction
- § 1715z–4aDouble damages remedy for unauthorized use of multifamily housing project assets and income
- § 1701z–16Energy efficient mortgages pilot program
- § 1701x–1Home inspection counseling
- § 517RESTRUCTURING TOOLS.
statutes-at-large
- Public Law 104–133To amend the Indian Self-Determination and Education Assistance Act to extend for two months the authority for promulgating regulations under the Act
- Public Law 90–448
- Public Law 106–377Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 2001, and for other purposes
- Public Law 91–609
- Public Law 137
- Public Law 91–152
- Public Law 560
- Public Law 98–181Making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes
- Public Law 345
- Public Law 87–70
- Public Law 104–120To provide an extension for fiscal year 1996 for certain programs administered by the Secretary of Housing and Urban Development and the Secretary of Agriculture, and for other purposes
- Public Law 527
- Public Law 93–111
- Public Law 93–29
- Public Law 424for making further and more effectual provisions for the national defense, and for other purposes”, approved June 3, 1916, be amended by providing that on and after July 1, 1987, there shall be officers as now authorized by law, except that there shall be four assistants to the Surgeon General with
- Public Law 415
- Public Law 347
- Public Law 116–136To amend the Internal Revenue Code of 1986 to repeal the excise tax on high cost employer-sponsored health coverage
CFR
44 references not yet in our index
- June 27, 1934, ch. 847
- 48 Stat. 1247
- Feb. 3, 1938, ch. 13, § 3
- 52 Stat. 9
- Mar. 28, 1941, ch. 31, § 4(a)
- 55 Stat. 61
- Apr. 20, 1950, ch. 94
- 64 Stat. 59
- July 14, 1952, ch. 723, § 10(a)(2)
- 66 Stat. 603
- Pub. L. 86–70, § 10(a)
- 73 Stat. 142
- Pub. L. 86–624, § 6
- 74 Stat. 411
- Pub. L. 90–19, § 1(a)(3)
- 81 Stat. 17
- Pub. L. 91–152, title IV, § 403(c)(1)
- 83 Stat. 395
- Pub. L. 96–399, title III, § 306
- 94 Stat. 1640
- Pub. L. 98–181, title I
- 97 Stat. 1211
- Pub. L. 104–204, title IV, § 425(b)
- 110 Stat. 2928
- Pub. L. 110–289, div. B, title I
- 122 Stat. 2833
- Pub. L. 110–289, § 2117(b)
- Pub. L. 110–289, § 2120(c)
- Pub. L. 110–289, § 2117(c)
- Pub. L. 104–204
- Pub. L. 98–181
- Pub. L. 96–399
- Pub. L. 91–152
- Pub. L. 90–19
- Pub. L. 86–624
- Pub. L. 86–70
- Pub. L. 102–550, title V
- 106 Stat. 3794
- Section 541 of Pub. L. 102–550
- Section 542 of Pub. L. 102–550
+ 4 more
Citation graph
cites case law
§ 1707
Definitions
Bills×168
Fed. Reg.×71
Stat.×55
U.S.C.×46
Stat. Comp.×11
C.F.R.×7
Pub. L.×1
ActJune 27, 1934, ch. 847
Stat.48 Stat. 1247
ActFeb. 3, 1938, ch. 13, § 3
Stat.52 Stat. 9
ActMar. 28, 1941, ch. 31, § 4(a)
Cites 47 · showing 8Cited by 359 across 7 sources