federal savings and loan insurance corporation

federal savings and loan insurance corporation Sec. 302. (a) Section 401(b) of title IV of the National Housing Act (12 U.S.C. 1724(b)) is amended by changing “$10,000” to read “$15,000” each place it appears therein. (b) Section 405(a) of title IV of the National Housing Act (12 U.S.C. 1728(a)) is amended by changing “$10,000” to read “$15,000”. (c) The amendments made by this section shall not be applicable to any claim arising out of a default, as defined in section 401 (d) of the 80 Stat. 1056National Housing Act, where the appointment of a conservator, receiver, or other legal custodian as set forth in that section becomes effective prior to the date of enactment of this Act.