12 USC 1735e: Acceptance of materials or products used in structures
Result 1 of 1
   
 
<< Previous   TITLE 12 / CHAPTER 13 / SUBCHAPTER V / § 1735e   Next >>
 
12 USC 1735e: Acceptance of materials or products used in structures Text contains those laws in effect on December 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 13-NATIONAL HOUSINGSUBCHAPTER V-MISCELLANEOUS
Jump To: Source CreditMiscellaneousAmendments

§1735e. Acceptance of materials or products used in structures

The Secretary shall adopt a uniform procedure for the acceptance of materials and products to be used in structures approved for mortgages or loans insured under this chapter. Under such procedure any material or product which the Secretary finds is technically suitable for the use proposed shall be accepted. Acceptance of a material or product as technically suitable shall not be deemed to restrict the discretion of the Secretary to determine that a structure, with respect to which a mortgage is executed, is economically sound or an acceptable risk.

(June 27, 1934, ch. 847, title V, §521, as added Pub. L. 89–117, title II, §216, Aug. 10, 1965, 79 Stat. 473 ; amended Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17 .)


Editorial Notes

Amendments

1967-Pub. L. 90–19 substituted "Secretary" for "Commissioner" wherever appearing.