emergency homeowners' relief fund

emergency homeowners' relief fund Sec. 107. [12 U.S.C. 2706] To carry out the purposes of this title, the Secretary is authorized to establish in the Treasury of the United States an Emergency Homeowners' Relief Fund (hereinafter in this title referred to as the “fund”) which shall be available to the Secretary without fiscal year limitation— (1) for making payments in connection with defaulted loans or advances of credit insured under section 105 of this title; (2) for making emergency mortgage relief payments under section 106 of this title; (3) to pay such administrative expenses (or portion of such expenses) of carrying out the provisions of this title as the Secretary may deem necessary.