The Director shall conduct an extensive study of the root causes of default and foreclosure of home loans, using as much empirical data as is available.
Not later than 6 months after July 30, 2008, the Director shall submit to Congress a preliminary report regarding the study required by this section.
Not later than 12 months after July 30, 2008, the Director shall submit to Congress a final report regarding the results of the study required by this section, which shall include any recommended legislation relating to the study, and recommendations for best practices and for a process to provide targeted assistance to populations with the highest risk of potential default or foreclosure.
12 U.S.C. § 5116
EDITORIAL NOTES
AMENDMENTS2010- Pub. L. 111-203 substituted "Director" for "Secretary" wherever appearing.
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111-203 effective on the designated transfer date, see section 1100H of Pub. L. 111-203 set out as a note under section 552a of Title 5, Government Organization and Employees.
- Director
- The term "Director" means the Director of the Bureau.
- designated transfer date
- The term "designated transfer date" means the date established under section 5582 of this title.