§ 1933. — Guaranteed rural housing loans; Hawaiian home lands.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC1933]
TITLE 7--AGRICULTURE
CHAPTER 50--AGRICULTURAL CREDIT
SUBCHAPTER I--REAL ESTATE LOANS
Sec. 1933. Guaranteed rural housing loans; Hawaiian home lands
(a) Rural Housing Loans which (1) are guaranteed by the Secretary
under section 517(a)(2) \1\ of the Housing Act of 1949 [42 U.S.C.
1487(a)(2)], (2) are made by other lenders approved by the Secretary to
provide dwellings in rural areas for the applicants' own use, and (3)
bear interest and other charges at rates not above the maximum rates
prescribed by the Secretary of Housing and Urban Development for loans
made by private lenders for similar purposes and guaranteed by the
Secretary of Housing and Urban Development under the National Housing
Act [12 U.S.C. 1701 et seq.] or superseding legislation shall not be
subject to sections 501(c) and 502(b)(3) of the Housing Act of 1949 [42
U.S.C. 1471(c) and 1472(b)(3)].
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\1\ See References in Text note below.
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(b) For the purposes of title V of the Housing Act of 1949 [42
U.S.C. 1471 et seq.] or this chapter, a guarantee of payment given under
the color of law by the Department of Hawaiian Home Lands (or its
successor in function) shall be found by the Secretary reasonably to
assure repayment of any indebtedness so guaranteed.
(Pub. L. 87-128, title III, Sec. 310C, as added Pub. L. 92-419, title I,
Sec. 119, Aug. 30, 1972, 86 Stat. 664; amended Pub. L. 101-624, title
XVIII, Sec. 1804, Nov. 28, 1990, 104 Stat. 3819.)
References in Text
Section 517(a) of the Housing Act of 1949 [42 U.S.C. 1487(a)],
referred to in subsec. (a), was amended by Pub. L. 98-181, title V,
Sec. 514(a)(1), Nov. 30, 1983, 98 Stat. 1247, and, as so amended, does
not contain a par. (2).
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 chapter 13 (Sec. 1701 et seq.) of Title 12, Banks and
Banking. For complete classification of this Act to the Code, see
References in Text note set out under section 1701 of Title 12 and
Tables.
Title V of the Housing Act of 1949, referred to in subsec. (b), is
title V of act July 15, 1949, ch. 338, 63 Stat. 432, as amended, which
is classified generally to subchapter III (Sec. 1471 et seq.) of chapter
8A of Title 42, The Public Health and Welfare. For complete
classification of this Act to the Code, see References in Text note set
out under section 1441 of Title 42 and Tables.
For definition of ``this chapter'', referred to in subsec. (b), see
note set out under section 1921 of this title.
Amendments
1990--Subsec. (b). Pub. L. 101-624 substituted ``or this chapter''
for ``, as amended''.
