Pub. L. 91-609, tit. I, sec. 112

mortgages for civilian personnel at military installations

EnactedYear: 1970Length: 99 wordsOfficial source
mortgages for civilian personnel at military installations Sec. 112. Section 809(b) of the National Housing Act is amended by inserting before the period at the end of the second sentence the following: “: Provided, That the Secretary shall relieve the Secretary of Defense from any obligation to guarantee the General Insurance Fund from loss with respect to a mortgage assumed by a person ineligible to receive a certificate under subsection (a), if the original mortgagor is issued another certificate with respect to a mortgage insured under this section on property which the Secretary determines is not an acceptable risk”.