42 U.S.C. § 12877

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 12877 - Exemption

Eligible property covered by a homeownership program approved under this part shall not be subject to-

(1) the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [12 U.S.C. 4101 et seq.], or

(2) the requirements of section 1701z-11 of title 12 applicable to the sale of projects either at foreclosure or after acquisition by the Secretary.

42 U.S.C. § 12877

Pub. L. 101-625, title IV, §427, Nov. 28, 1990, 104 Stat. 4171.

EDITORIAL NOTES

REFERENCES IN TEXTThe Low-Income Housing Preservation and Resident Homeownership Act of 1990, referred to in par. (1), is title II of Pub. L. 100-242 as amended by Pub. L. 101-625, title VI, §601(a), Nov. 28, 1990, 104 Stat. 4249, which is classified principally to chapter 42 (§4101 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of Title 12 and Tables.

Secretary

the term "Secretary" means- (A) the Secretary of Education for purposes of subtitle A (other than section 3201),(B) the Secretary of Agriculture for purposes of the amendments made by section 3201, and(C) the Secretary of Health and Human Services for purposes of subtitle B,