§ 1701z-7. — Studies to determine extent of need for counseling to mortgagors; report to Congress.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1701z-7]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
Sec. 1701z-7. Studies to determine extent of need for counseling
to mortgagors; report to Congress
(a) In carrying out activities under section 1701z-1 of this title,
the Secretary is directed to undertake programs of studies and
demonstrations within at least three standard metropolitan statistical
areas to determine the extent of need for and cost effectiveness of
providing pre-purchase, default and delinquency counseling and related
services to owners and purchasers of single-family dwellings insured or
to be insured under the unsubsidized mortgage insurance programs of the
National Housing Act [12 U.S.C. 1701 et seq.].
(b) Within one year from August 3, 1976, the Secretary shall submit
an interim report to the Congress with respect to the progress made
under such studies and demonstrations, including an estimate as to the
date when a final report on the results of such demonstrations will be
made available to the Congress.
(Pub. L. 91-609, title V, Sec. 508, as added Pub. L. 94-375, Sec. 26,
Aug. 3, 1976, 90 Stat. 1078.)
References in Text
The National Housing Act, referred to in subsec. (a), is act June
27, 1934, ch. 847, 48 Stat. 1246, as amended, which is classified
principally to this chapter (Sec. 1701 et seq.). For complete
classification of this Act to the Code, see section 1701 of this title
and Tables.
Codification
Section was enacted as part of the Housing and Urban Development Act
of 1970, and not as part of the National Housing Act which comprises
this chapter.
