§ 4503. — Protection of taxpayers against liability.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4503]
TITLE 12--BANKS AND BANKING
CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
Sec. 4503. Protection of taxpayers against liability
This chapter may not be construed as obligating the Federal
Government, either directly or indirectly, to provide any funds to the
Federal Home Loan Mortgage Corporation, the Federal National Mortgage
Association, or the Federal Home Loan Banks, or to honor, reimburse, or
otherwise guarantee any obligation or liability of the Federal Home Loan
Mortgage Corporation, the Federal National Mortgage Association, or the
Federal Home Loan Banks. This chapter may not be construed as implying
that any such enterprise or Bank, or any obligations or securities of
such an enterprise or Bank, are backed by the full faith and credit of
the United States.
(Pub. L. 102-550, title XIII, Sec. 1304, Oct. 28, 1992, 106 Stat. 3944.)
References in Text
This chapter, referred to in text, was in the original ``This title
and the amendments made by this title'', meaning title XIII of Pub. L.
102-550, Oct. 28, 1992, 106 Stat. 3941, which is classified principally
to this chapter. For complete classification of title XIII to the Code,
see Short Title note set out under section 4501 of this title and
Tables.
