§ 4101. General prepayment limitation
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/usc/title-12/section-4101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Prepayment and termination An owner of eligible low-income housing may prepay, and a mortgagee may accept prepayment of, a mortgage on such housing only in accordance with a plan of action approved by the Secretary under this subchapter or in accordance with section 4114 of this title. An insurance contract with respect to eligible low-income housing may be terminated pursuant to section 1715t of this title only in accordance with a plan of action approved by the Secretary under this subchapter or in accordance with section 4114 of this title.
(b)Foreclosure A mortgagee may foreclose the mortgage on, or acquire by deed in lieu of foreclosure, any eligible low-income housing project only if the mortgagee also conveys title to the project to the Secretary in connection with a claim for insurance benefits.
(c)Effect of unauthorized prepayment Any prepayment of a mortgage on eligible low-income housing or termination of the mortgage insurance on such housing not in compliance with the provisions of this subchapter shall be null and void and any low-income affordability restrictions on the housing shall continue to apply to the housing.
(Pub. L. 100–242, title II, § 211, as added Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4249.)
Connections71 cite this · traces to 15
Cited by 71 sections · top 48
U.S. Code
- § 1437fLow-income housing assistance
- § 1701Short title
- § 1715lHousing for moderate income and displaced families
- § 1715z–1Rental and cooperative housing for lower income families
- § 1437nEligibility for assisted housing
- § 12742Eligible uses of investment
- § 4112Criteria for approval of plan of action involving incentives
- § 4110Incentives for transfer to qualified purchasers
- § 1715z–1aAssistance for troubled multifamily housing projects
- § 8107Appropriations
- § 1715tVoluntary termination of insurance
- § 1715z–1bTenant participation in multifamily housing projects
- § 4141Authority
- § 4107Plan of action
- § 4143Grants for building resident capacity and funding predevelopment costs
- § 1715z–6Supplemental loans for multifamily projects
- § 4125State preservation project assistance
- § 4145Delivery of assistance through intermediaries
- § 4144Grants for other purposes
- § 4118Consultations with other interested parties
- § 4142Purposes
- § 12877Exemption
- § 514MORTGAGE RESTRUCTURING AND RENTAL ASSISTANCE SUFFICIENCY PLAN.
- § 524RENEWAL OF EXPIRING PROJECT-BASED SECTION 8 CONTRACTS.
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 99–267
- 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 102–550To amend and extend certain laws relating to housing and community development, and for other purposes
- Public Law 104–204Making 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, 1997, and for other purposes
- Public Law 106–74Making 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, 2000, and for other purposes
- Public Law 101–625To authorize a new HOME Investment Partnerships program, a National Homeownership Trust program, and HOPE programs, to amend and extend certain laws relating to housing, community and neighborhood preservation, and related programs, and for other purposes
register
- Rules and RegulationsNotice of revocation and delegation of authority
- NoticesNotice
- NoticesNotice of a Modified or Altered System of Records (SOR)
- NoticesNotice
- NoticesNotice of revocation and delegation of authority
- Proposed RulesProposed rule
- NoticesNotice
- NoticesNotice and request for comments
- Rules and RegulationsNotice of revocation and delegation of authority
- NoticesNotice
Traces to 15 documents
U.S. Code
- Permissible prepayment or voluntary termination and modification of commitments§ 4114
- Voluntary termination of insurance§ 1715t
- Low-income housing assistance§ 1437f
- Homeownership or membership in cooperative association for lower income families§ 1715z
- Rule making§ 553
- Appraisal and preservation value of eligible low-income housing§ 4103
- Assistance for displaced tenants§ 4113
- Incentives for transfer to qualified purchasers§ 4110
- Findings§ 12721
- Low-income housing credit§ 42
- Grants for building resident capacity and funding predevelopment costs§ 4143
- Information from Secretary§ 4106
- Notice of intent§ 4102
- Statistical and economic surveys§ 1715
- Rent supplement payments for qualified lower income families§ 1701s
28 references not yet in our index
- Pub. L. 100–242, title II, § 211
- Pub. L. 101–625, title VI, § 601(a)
- 104 Stat. 4249
- Pub. L. 101–625, title VI, § 605
- 104 Stat. 4278
- Pub. L. 101–625
- Pub. L. 100–242, title II, § 201
- Pub. L. 100–242, title II, § 235
- 104 Stat. 4274
- Pub. L. 100–242
- Pub. L. 102–550, title III, § 332
- 106 Stat. 3773
- Pub. L. 104–204, title II
- 110 Stat. 2883
- Pub. L. 104–134, title I, § 101(e) [title II]
- 110 Stat. 1321–257
- Pub. L. 104–140, § 1(a)
- 110 Stat. 1327
- Pub. L. 104–120, § 2(b)
- 110 Stat. 834
- Pub. L. 102–550, title III, § 314
- 106 Stat. 3770
- Public Law 102–139
- 105 Stat. 736
- Pub. L. 101–625, title VI, § 604
- 104 Stat. 4277
- Pub. L. 102–550, title III, § 313
- 106 Stat. 3769
Citation graph
cites case law
§ 4101
General prepayment limitation
U.S.C.×37
Stat.×15
Fed. Reg.×11
Stat. Comp.×8
Pub. L.Pub. L. 100–242, title II, § 211
Pub. L.Pub. L. 101–625, title VI, § 601(a)
Stat.104 Stat. 4249
Cites 43 · showing 12Cited by 71 across 4 sources