§ 4564. Discretionary adjustment of housing goals

315 words·~1 min read·/usc/title-12/section-4564

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(a)Authority An enterprise may petition the Director in writing at any time during a year to reduce the level of any goal or subgoal for such year established pursuant to this subpart.

(b)Standard for reduction The Director may reduce the level for a goal or subgoal pursuant to such a petition only if—

(1)market and economic conditions or the financial condition of the enterprise require such action; or

(2)efforts to meet the goal or subgoal would result in the constraint of liquidity, over-investment in certain market segments, or other consequences contrary to the intent of this subpart, or section 1716(3) of this title or section 301(b)(3) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1451 note), as applicable.

(c)Determination The Director shall, promptly upon receipt of a petition regarding a reduction, seek public comment on the reduction for a period of 30 days. The Director shall make a determination regarding any proposed reduction within 30 days after the expiration of such public comment period. The Director may extend such determination period for a single additional 15-day period, but only if the Director requests additional information from the enterprise.

(Pub. L. 102–550, title XIII, § 1334, as added Pub. L. 110–289, div. A, title I, § 1128(b), July 30, 2008, 122 Stat. 2701.)

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Cited by 16 sections · top 13

U.S. Code

§ 4565
Duty to serve underserved markets and other requirements

statute-compilations

Sec. 1334
DISCRETIONARY ADJUSTMENT OF HOUSING GOALS

CFR

§ 81.13
Central Cities, Rural Areas, and Other Underserved Areas Housing Goal.

statutes-at-large

Traces to 2 documents

U.S. Code

7 references not yet in our index

Pub. L. 102–550, title XIII, § 1334
Pub. L. 110–289, div. A, title I, § 1128(b)
122 Stat. 2701
section 301(b)(3) of Pub. L. 91–351
106 Stat. 3960
Pub. L. 110–289, div. A, title I, § 1128(a)
122 Stat. 2696

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cites case law

§ 4564

Discretionary adjustment of housing goals

Fed. Reg.×11

Stat.×2

C.F.R.×1

Stat. Comp.×1

U.S.C.×1

U.S.C.§ 1716

U.S.C.§ 1451

Pub. L.Pub. L. 102–550, title XIII, § 1334

Pub. L.Pub. L. 110–289, div. A, title I, § 1128(b)

Stat.122 Stat. 2701

Pub. L.section 301(b)(3) of Pub. L. 91–351

Stat.106 Stat. 3960

Cites 9 · showing 7Cited by 16 across 5 sources