12 USC 1441a-1 - Definitions

U.S Code last checked for updates: Jan 18, 2025

§ 1441a–1.

Definitions

For purposes of section 1441a–2 of this title:

(1)

State housing finance authority

The term “State housing finance authority” means any public agency, authority, or corporation which—

(A)

serves as an instrumentality of any State or any political subdivision of any State; and

(B)

functions as a source of residential mortgage loan financing in that State.

(2)

Nonprofit entity

(3)

Mortgage-related assets

The term “mortgage-related assets” means—

(A)

residential mortgage loans secured by 1- to 4-family or multifamily dwellings; and

(B)

real property improved with 1- to 4-family or multifamily residential dwellings,

which are located within the jurisdiction of the applicable State housing finance authority or within the geographical area served by the nonprofit entity.

(4)

Net income

(Pub. L. 101–73, title XIII, § 1301, Aug. 9, 1989, 103 Stat. 547.)

cite as: 12 USC 1441a-1