AMENDMENTS RELATED TO SECTION 702 OF THE 1987 ACT.

SEC. 601. AMENDMENTS RELATED TO SECTION 702 OF THE 1987 ACT. (a) Section 8.0(9)(B)(ii) is amended— (1) by striking out “hold” and inserting in lieu thereof “holding”; and (2) by striking out “and” the first place it appears. (b) Subsections (a)(1) and (b)(3) of section 8.2 are each amended by striking out “effective date” and inserting in lieu thereof “date of the enactment”. (c) Section 8.3(c)(4) is amended by striking out “the persons” and inserting in lieu thereof “such persons”. (d) The penultimate sentence of section 8.4(a)(1) is amended— (1) by inserting “and” before “that are entitled”; and (2) by inserting “, including national banking associations (which shall be allowed to purchase and hold such stock)” before the period. (e) Section 8.4(e)(1) is amended by striking out “Association” and inserting in lieu thereof “Corporation”. (f) Section 8.6(a)(1) is amended— (1) by striking out “in, or obligations” and inserting in lieu thereof “solely in, or obligations fully”; and (2) by striking out “any pool of qualified loans” and inserting in lieu thereof “any pool consisting solely of qualified loans which meet the standards established under section 8.8 and which are”. (g) Section 8.6(e) is amended— (1) in paragraph (1), by inserting “and” at the end; (2) by striking out paragraph (2); and (3) by redesignating paragraph (3) as paragraph (2). (h) Section 8.6(f)(1) is amended by striking out “effective date” and inserting in lieu thereof “date of the enactment”. (i) Section 8.8(a) is amended by inserting “permanent” before “Board” the first place it appears. (j) Section 8.9 is amended by striking out “and 4.37” each place it appears and inserting in lieu thereof “4.14D, and 4.36”. 102 STAT. 1006 (k) Section 8.12(a)(1) is amended by inserting “, or obligations backed by,” before “a pool”. (l) Section 8.12(b)(2) is amended by striking out “effective date” and inserting in lieu thereof “date of the enactment”.