Pub. L. 100-242, tit. IV, subtit. A, sec. 428

INTEREST CHARGES ON TEMPORARY MORTGAGE ASSISTANCE PAYMENTS AND ASSIGNMENT OR OTHER ASSISTANCE.

EnactedYear: 1988Length: 72 wordsOfficial source
SEC. 428. INTEREST CHARGES ON TEMPORARY MORTGAGE ASSISTANCE PAYMENTS AND ASSIGNMENT OR OTHER ASSISTANCE. Section 230(a)(5) of the National Housing Act is amended by striking the third sentence and inserting the following: “The interest rate on payments made under this subsection shall be the rate established under section 1803(c) of title 38, United States Code. The interest rate to be charged shall be determined when the Secretary approves assistance under this subsection.”.
Pub. L. 100-242, tit. IV, subtit. A, sec. 428: INTEREST CHARGES ON TEMPORARY MORTGAGE ASSISTANCE PAYMENTS AND ASSIGNMENT OR OTHER ASSISTANCE. | Justis AI