42 USC 12851 - National Homeownership Trust

U.S Code last checked for updates: Nov 22, 2024

§ 12851.

National Homeownership Trust

(a)

Establishment

(b)

Board of Directors

The Trust shall be governed by a Board of Directors, which shall be composed of—

(1)

the Secretary of Housing and Urban Development, who shall be the chairperson of the Board;

(2)

the Secretary of the Treasury;

(3)

the chairperson of the Board of Directors of the Federal Deposit Insurance Corporation;

(4)

the chairperson of the Federal Housing Finance Board;

(5)

the chairperson of the Board of Directors of the Federal National Mortgage Association;

(6)

the chairperson of the Board of Directors of the Federal Home Loan Mortgage Corporation; and

(7)

1 individual representing consumer interests, who shall be appointed by the President of the United States, by and with the advice and consent of the Senate.

(c)

Powers of Trust

(d)

Travel and per diem

(e)

Director and staff

(1)

Director

(2)

Staff

(Pub. L. 101–625, title III, § 302, Nov. 28, 1990, 104 Stat. 4129.)

cite as: 42 USC 12851