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§ 1701p-1. —  Periodic report on residential mortgage delinquencies and foreclosures.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC1701p-1]

 
                       TITLE 12--BANKS AND BANKING
 
                      CHAPTER 13--NATIONAL HOUSING
 
Sec. 1701p-1. Periodic report on residential mortgage 
        delinquencies and foreclosures
        
    As soon as practicable following November 30, 1983, the Secretary of 
Housing and Urban Development, with the cooperation of the Federal Home 
Loan Bank Board, the Federal Deposit Insurance Corporation, the Board of 
Governors of the Federal Reserve System, and the Comptroller of the 
Currency, shall develop a method of accurately reporting to the Congress 
on a periodic basis with respect to residential mortgage delinquencies 
and foreclosures. Each such report shall include information with 
respect to the number of residential mortgage foreclosures, and the 
number of sixty- and ninety-day residential mortgage delinquencies, in 
the Nation and in each State.

(Pub. L. 98-181, title IV, Sec. 469, Nov. 30, 1983, 97 Stat. 1237.)

                          Codification

    Section was enacted as part of the Housing and Urban-Rural Recovery 
Act of 1983 and also as part of the Domestic Housing and International 
Recovery and Financial Stability Act, and not as part of the National 
Housing Act which comprises this chapter.


                  Termination of Reporting Requirements

    For termination, effective May 15, 2000, of provisions of law 
requiring submittal to Congress of any annual, semiannual, or other 
regular periodic report listed in House Document No. 103-7 (in which a 
report required under this section is listed on page 105), see section 
3003 of Pub. L. 104-66, as amended, set out as a note under section 1113 
of Title 31, Money and Finance.

                          Transfer of Functions

    Federal Home Loan Bank Board abolished and functions transferred, 
see sections 401 to 406 of Pub. L. 101-73, set out as a note under 
section 1437 of this title.



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