Pub. L. 85-104, tit. I, sec. 115

Sec. 115. Section 226 of the National Housing Act is amended by adding at the end thereof the following new sentence: “Notwithstanding the first sentence of this section, the Commissioner is authorized to require, in connection with any mortgage where the mortgage amount is computed on the basis of the Commissioner’s estimate of the replacement cost of the property, that a written statement setting forth such estimate be furnished under this section in lieu of a written statement setting forth the amount of the appraised value of the property.”.