Pub. L. 108-447, div. I, tit. II, sec. 223

Sec. 223. Section 203(c)(2)(A) of the National Housing Act (12 U.S.C. 1709(c)(2)(A)) is amended in the last sentence after “subparagraph” by inserting the following: “, provided that the mortgagor refinances the unpaid principal obligation under title II of this Act”. This provision shall apply to loans that become insured on or after date of enactment of this Act.