
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC1735f-6]

 
                       TITLE 12--BANKS AND BANKING
 
                      CHAPTER 13--NATIONAL HOUSING
 
                       SUBCHAPTER V--MISCELLANEOUS
 
Sec. 1735f-6. Secondary mortgages held by State or local 
        governmental agency on insured properties
        
    In carrying out the provisions of subchapter II of this chapter with 
respect to insuring mortgages secured by a one- to four-family dwelling 
unit, the Secretary may not deny such insurance for any such mortgage 
solely because the dwelling unit which secures such mortgage will be 
subject to a secondary mortgage or loan made or insured, or other 
secondary lien held, by any State or local governmental agency or 
instrumentality under terms and conditions approved by the Secretary.

(June 27, 1934, ch. 847, title V, Sec. 528, as added Pub. L. 95-557, 
title III, Sec. 323, Oct. 31, 1978, 92 Stat. 2102.)
