mortgage insurance premiums for servicemen and their widows

mortgage insurance premiums for servicemen and their widows Sec. 301. Section 222 of the National Housing Act is amended— (1) by striking out “Secretary of the Treasury” each place it appears and inserting in lieu thereof “Secretary of Transportation”; and (2) by adding at the end thereof two new subsections as follows: “(f) The Secretary is authorized to transfer to this section the insurance on any mortgage covering a single-family dwelling or a one- family unit in a condominium project insured under this Act, if the mortgage indebtedness thereof has been assumed by a serviceman who at the time of assumption is the owner of the property and either occupies the property or certifies that his failure to do so is the result of his 82 Stat. 506military assignment, or, in the case of the United States Coast Guard, other assignment. “(g) Where a serviceman dies while on active duty in the Armed Forces of the United States or in the United States Coast Guard, leaving a surviving widow as owner of the property, the period of ownership by the serviceman (within the meaning or subsection (c) of this section) shall extend for two years beyond the date of the serviceman’s death or until the date the widow disposes of the property, whichever date occurs first. The Secretary of Defense or the Secretary of Transportation, as the case may be, shall notify such widow promptly following the serviceman’s death of the additional costs to be borne by the mortgagor following termination of the two-year period.”