12 U.S.C. § 1709-1
12 U.S.C. § 1709-1
Section, Pub. L. 90-301 §3(a), May 7, 1968, 82 Stat. 113; Pub. L. 90-448 §315, Aug. 1, 1968, 82 Stat. 512; Pub. L. 91-78 §3, Sept. 30, 1969, 83 Stat. 125; Pub. L. 91-152 §401, Dec. 24, 1969, 83 Stat. 394; Pub. L. 91-351 §601, July 24, 1970, 84 Stat. 461; Pub. L. 92-213 §1, Dec. 22, 1971, 85 Stat. 775; Pub. L. 92-335 §1, July 1, 1972, 86 Stat. 405; Pub. L. 93-85 §2, Aug. 10, 1973, 87 Stat. 220; Pub. L. 93-117 §3, Oct. 2, 1973, 87 Stat. 422; Pub. L. 93-234 §208, Dec. 31, 1973, 87 Stat. 984; Pub. L. 93-383 §§309(e), 317, Aug. 22, 1974, 88 Stat. 682, 685; Pub. L. 95-60 §2, June 30, 1977, 91 Stat. 257; Pub. L. 95-80 §2, July 31, 1977, 91 Stat. 339; Pub. L. 95-128 §302, Oct. 12, 1977, 91 Stat. 1131; Pub. L. 95-406 §2, Sept. 30, 1978, 92 Stat. 880; Pub. L. 95-557 §302, Oct. 31, 1978, 92 Stat. 2096; Pub. L. 96-71 §2, Sept. 28, 1979, 93 Stat. 501; Pub. L. 96-105 §2, Nov. 8, 1979, 93 Stat. 794; Pub. L. 96-153 §302, Dec. 21, 1979, 93 Stat. 1112; Pub. L. 96-372 §3, Oct. 3, 1980, 94 Stat. 1364; Pub. L. 96-399 §§302, 332, Oct. 8, 1980, 94 Stat. 1639, 1652; Pub. L. 97-35 §332, Aug. 13, 1981, 95 Stat. 413; Pub. L. 97-289 §2, Oct. 6, 1982, 96 Stat. 1231; Pub. L. 98-35 §2, May 26, 1983, 97 Stat. 197; Pub. L. 98-109 §2, Oct. 1, 1983, 97 Stat. 746, authorized the Secretary, until Dec. 1, 1983, to set the maximum interest rates for certain mortgage insurance programs, notwithstanding the authority of the Secretary of Housing and Urban Development to establish such rates, specified the criteria to be considered in establishing such rates, authorized the Secretary to provide that the interest rate applicable under section 1709(b) of this title be the negotiated interest rate specified in the commitment agreement, limited the amount of mortgages with such negotiated interest rates which may be insured and prohibited such negotiated interest rates with respect to mortgages subject to section 1715z-10 of this title.
STATUTORY NOTES AND RELATED SUBSIDIARIES
MORTGAGE CREDIT INTEREST RATES Pub. L. 90-301 §4, May 7, 1968, 82 Stat. 114, as amended by Pub. L. 90-565, Oct. 12, 1968, 82 Stat. 1001; Pub. L. 91-9, Apr. 11, 1969, 83 Stat. 7; Pub. L. 91-38, July 1, 1969, 83 Stat. 43, which established a Commission to study mortgage interest rates and to make recommendations to assure the availability of an adequate supply of mortgage credit at a reasonable cost to the consumer, directed the Commission to make an interim report not later than July 1, 1969, and a final report of its study and recommendations not later than August 1, 1969, to enable the President, Congress, and the Secretary of Housing and Urban Development to take necessary action before October 1, 1969, when the authorization for the increase in interest rates above present statutory ceilings will expire, and provided that the Commission cease to exist sixty days after the submission of its final report, was repealed by Pub. L. 98-181 title I [title IV, §404(a)], Nov. 30, 1983, 97 Stat. 1208.
- consumer
- The term "consumer" means an individual or an agent, trustee, or representative acting on behalf of an individual.
- credit
- The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.